Natural gas futures rose about 6.2% to near $2.60 per mmBtu on Tuesday, and the UNG fund gained 2.6%. Models showed colder weather ahead, with the GFS adding more than 15 heating degree days.
Analysts said a large speculative short position could be forced to cover if the heating-demand outlook held.
Stronger heating-demand forecasts and short covering can push gas prices higher in the near term. Higher gas prices also raise power and fuel costs for feed producers.
過去の強気な天候イベント221件の後、天然ガス は5営業日で中央値 +3.3% 動き(61% が上昇。中央50%は -5.2% から +14.0%)、20営業日では -0.3% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Colder weather model runs (GFS adding 15+ heating degree days) boosted the demand outlook and a large speculative short position risked covering, amplifying the price jump.
Colder weather model runs (GFS adding 15+ heating degree days) lifted prices about 6% and raised the prospect of a large speculative short position covering, amplifying the rally.