Natural Gas Futures - Jan 22 (NGF2)

4.095
+0.039(+0.96%)
  • Prev. Close:
    4.056
  • Bid/Ask:
    4.092/4.098
  • Day's Range:
    4.067 - 4.283
  • Type:Commodity
  • Group:Energy
  • Unit:1 Mmbtu

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  • As I've written lately, warm weather, great for bears! Forecasts for above-normal U.S. temperatures over the medium term should reduce heating demand for nat-gas and are bearish for prices. The Commodity Weather Group on Monday said that the U.S. should see predominantly warmer-than-normal weather at least through Nov 1.
    2
    • GFS and EC both forecast light demand for the US the next 15-days besides a modest bump Oct 23-25. Natural Gas Weather
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