News

Natural gas comes off the boil, at least in the US

Natural gas prices down 5% today

The one-way trade in natural gas markets has finally stopped, at least in the US.

Natty is down 5% today and now up just 2.6% on the week. If you scroll out though, it’s been a one-way trade since April and a remarkable bull run.

The heat might have come out of the market on forecasts for moderate weather in October that are beginning to circulate. The thing about gas is that it’s so heavily driven by weather and that’s a world of its own. There is a seasonal tailwind though through November and when the cold comes, it will rally again.

While gas is an interesting point in North America, it’s a crisis in Europe and parts of Asia. European benchmark gas was higher again today after yesterday’s dip.

TTF gas
Invest in yourself. See our forex education hub.

Articles You May Like

USDCAD making a break for it
Forexlive Americas FX news wrap:USD moves higher as flows shift from other currencies
Gold falls Rs 347; silver drops Rs 455
Jim Beam maker says some customers trading down, others still paying more for high-end liquor
Roblox misses on top and bottom, shares dip 12%

Leave a Reply

Your email address will not be published.