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Natural gas futures fell 8.9% to $4.17 per mmBtu on Monday, and the UNG fund dropped 7.6%, as forecasts shifted toward warmer-than-normal conditions through late February. Analysts flagged that a possible Russia-Ukraine conflict and retaliatory sanctions could cut European gas supplies from Russia.
Forecast models showed recent volatility.
A warmer outlook reduces heating demand and pushes prices lower in the near term. A geopolitical supply shock could reverse the move, so feed buyers should watch energy costs for upside risk.
etftrends.comMax ChenFeb 7, 2022After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
