Carregando…
Natural gas prices and related ETFs surged on Monday as long-range forecasts pointed to heavy heating demand across the Midwest and East. The United States Natural Gas Fund gained 12.7 percent, and Nymex futures rose 13.3 percent to $3.51 per mmBtu.
Bespoke Weather Service said a significant cold shot was expected through Jan. 22, with further cold possible into early February.
Forecasts of sustained, near-record gas-weighted degree days raise expected heating demand and draw down storage. This supports natural gas prices and leveraged gas products.
etftrends.comMax Chen14 de jan. de 2019Após 221 eventos altista de clima passados, Gás natural subiu em mediana +3,3% em 5 sessões (61% de alta; metade central de -5,2% a +14,0%), e -0,3% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Long-range forecasts of heavy heating demand through Jan. 22 and possibly into February drove Nymex futures up about 13%, confirming the weather-demand mechanism.
