⚡️ Positive: U.S. natural gas contracts end losing streak with colder weather forecasts!
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📢 What's new?
– Natural gas futures (Henry Hub) rose today, ending five consecutive losing sessions
– The price is approaching $3.55 per million British thermal units, with gains exceeding 4%
– Main driver: Weather models are projecting colder temperatures, increasing demand for heating
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💡 Analysis:
– Prices were under pressure due to unexpectedly warm weather in January, but new forecasts showing larger-than-expected drawdowns from inventories are supporting the rise
– Inventories remain high, but declining production is helping to balance the market
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⚡ Why should you care?
– Highlights the sensitivity of energy prices to weather, affecting heating and electricity costs globally
– Opportunity for commodity traders, with potential for further volatility if colder weather is confirmed
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❓Do you think natural gas will return to $4 soon with the arrival of real winter?
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