11:37 AM · 11 June 2024

NATGAS gains almost 3% as traders expect strong US heating wave 📈

NATGAS
Commodities
-
-

Today, natural gas (NATGAS) contracts gained nearly 3% driven by a change in expected weather in the United States, with synoptics suggesting the likelihood of hot weather, increasing demand for air conditioning and thus also the use of gas in power generation.

  • Since the minima, at the end of March, contracts have already more than doubled, and now the bulls have taken over, encouraged to secure supplies at higher levels, given the chances of a hot summer. As a result, gas is trading above $3 / MMBtu (million British thermal units).
  • The declines of yesterday's afternoon session were quickly erased, with the sell-off prompted by comments from the company responsible for the strategic US Mountain Valley Pipeline; the operator conveyed that the 503-mile pipeline is ready to transport gas to market from West Virginia, which has huge gas deposits. The rapid return to growth suggests that traders still see the weather as more important, suggesting a more balanced supply and demand ratio than the market had previously priced in.


Looking at updated forecasts for the United States, one can see that the overnight forecast (June 9 to 10) is clearly shifting toward an intense heat wave in the central and eastern US states. Source: Bloomberg Finance L.P.

The difference in the hot weather forecast for the U.S. is even more evident with the change in forecast from June 6 (left) and June 10 (right). Source: Bloomberg Finance L.P.

NATGAS (H1 interval)
Source: xStation5

14 October 2025, 1:16 PM

Coffee Futures Soar 5%, Break 400 Cents per Pound

14 October 2025, 12:40 PM

Technical look: Gold falls from the record high🔔

14 October 2025, 8:41 AM

Chart of the Day – Silver (14.10.2025)

14 October 2025, 6:04 AM

Morning wrap (14.10.2025)

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits