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Natural gas prices slipped into a correction as EIA forecasts pointed to lower average prices this year than current levels. Updated weather models forecast milder temperatures over the next two weeks, reducing heating demand.
Key support sits near $3.70.
Milder weather forecasts reduce heating demand and pressure near-term gas prices, lowering energy costs for feed processing. The EIA's longer-term price rise view suggests the decline may be temporary.
investing.com22 Jan 2025Setelah 104 peristiwa cuaca bearish sebelumnya, Gas Alam bergerak median -7,8% selama 5 sesi (22% lebih tinggi; separuh tengah -14,8% sampai -0,8%), dan -3,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Milder two-week forecasts reduced heating demand and triggered a correction with $3.70 support under threat, adding bearish sentiment.
