July natural gas was set to open 5 cents higher at $2.22 as the first heat wave of the season arrived. Traders saw large speculative funds reconsidering their short positions, and analysts expected higher California power demand as triple-digit temperatures were forecast.
Heat-driven power demand and possible short covering can lift natural gas prices, which feeds into fertilizer and energy costs for feed producers. The move was described as a short-term rally rather than a durable fundamental shift.
Na 221 eerdere opwaarts weer-gebeurtenissen bewoog Aardgas zich mediaan +3,3% over 5 sessies (61% hoger; middelste helft -5,2% tot +14,0%), en -0,3% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.