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March natural gas broke through short-term resistance on Friday and settled at $2.945, up 4.69 percent, after weather models showed colder late-month temperatures. US crude oil fell nearly 2 percent as worries about a global economic slowdown offset hopes for US-China trade progress.
Gold ended slightly higher.
The gas rally reflects cold-weather demand expectations, while crude weakness follows slowdown concerns. These are routine market moves with limited new supply or demand impact.
fxempire.comJames HyerczykJan 12, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
