4:19 PM · 2 September 2024

⏫NATGAS soars nearly 3%

Gas prices are rebounding strongly in today's session, continuing the rebound started last week. Gas prices are up 2.7%, testing the vicinity of the $2.2/MMBTU level. Interestingly, we are seeing a marked change in the weather situation in the US. Almost all of the eastern and central states are experiencing cooler than normal temperatures. This, of course, means likely lower gas consumption due to the lack of need for air conditioners. Of course, there are also prospects that the heating season may start sooner, but such speculation is still about a month away. Nevertheless, the next rollout in about 2-3 weeks should bring a change of up to several percent.

Weather forecasts for 6-10 days ahead show cooler than standard temperatures. Source: NOAA

Gas prices are at their highest since August 26. It is worth mentioning that there is no session on Wall Street today, so the market will close earlier, at 7:30 p.m. BST. Prices are continuing the rebound from last week, so an attempt to go above the 50 and 100 period averages and test the neckline of a potential reversed SHS formation cannot be ruled out. The neckline is closer to the $2.3/MMBTU level.

Source: xStation5

14 October 2026, 12:50 PM

Market Wrap: ASML lifts tech sentiment, EU yields pull back

13 October 2026, 6:41 PM

Daily Summary: Earnings Season Kicks Off on Wall Street Amid Mixed Sentiment

13 October 2026, 1:02 PM

Market Wrap: European Stocks Rise as Banks Beat Earnings Expectations

13 October 2026, 6:10 AM

Morning Wrap: Tech Crash in Asia and Hawkish Central Banks in the Shadow of an Oil Shock (13.10.2026)

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