NATGAS suddenly rose from a local low below $2.1/MMBTU to levels near $2.2/MMBTU. From the local low to the local high is more than 8% of the move. Today NATGAS is gaining just under 5%. Most likely, this is the result of month-end and quarter-end shorts being closed. In long-term terms, however, the current move is not very significant. Yesterday, the drop in gas supply was relatively low to cause a change in the trend. A similar situation is evident in Europe, where TTF is soaring 10%. This is also most likely triggered by month-end and quarter-end balancing.

Source: xStation5
3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)
OIL loses after reaching $100 📉Is Iran reviewing a change to its nuclear program?
Market Wrap: Weak Europe, AI Debt, and Awaiting US Data
Copper hits lowest level since late July 📉 Markets price in AI concerns and a shift in US trade policy?