European gas extends rally to third day as near-term supply anxiety persists

After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.

• Oct 5, 2021Gas price surges to a record high in Europe on supply concerns-6.6%
• Oct 29, 2026European Natural Gas Hovers Near Peak Levels — TradingView News-1.8%
• Sep 30, 2021U.S. natgas futures jump to 7-year high on Europe supply fears | Reuters+4.2%
• Dec 17, 2024Global natural gas market outlook: European supply challenges and regional demand dynamics+7.0%
• Jul 23, 2021Natural gas price nears three-year high as summer heat strains supply+0.8%

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Jun 24, 2026Oil curve points to near-term glut as Hormuz flows rise | Reuters-6.2%
• Oct 24, 2023Oil drops for third straight session on weak European economic data | Reuters-2.0%
• Sep 27, 2019Rupee rallies to nearly 2-month high as crude subsides | Rupee rallies to nearly 2-month high as crude subsides-7.3%
• Nov 18, 2022Oil slides 2%, posts second weekly decline as supply fears recede | Reuters-5.4%
• Dec 20, 2018Indian Rupee: Rupee's year-end rally heralds a brighter 2019 as oil slumps - Times of India-8.1%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jun 24, 2026Oil curve points to near-term glut as Hormuz flows rise | Reuters-5.3%
• Oct 24, 2023Oil drops for third straight session on weak European economic data | Reuters-3.2%
• May 23, 2022Stocks rally as euro gains on likely rate hikes+1.9%
• Feb 1, 2023Canadian dollar posts 2½-month high as stocks rally after Fed rate hike - The Globe and Mail-2.2%
• Mar 27, 2020Ringgit extends gains against US dollar in early session | FMT+37.1%