US natural gas prices (NATGAS) jumped at the beginning of a new week as weather forecasts point to a heatwave arriving in the United States in the coming days. National Oceanic and Atmospheric Administration (NOAA) projects above-average temperatures in the northern part of the United States, especially in a key Midwest region. NATGAS benefits from it as it suggest that demand for electricity will increase due to higher usage of air conditioning.
Source: Bloomberg Finance LP, XTB Research
NATGAS trades around 5% higher since the last contract rollover, with around 4% of those gains being made today. However, bullish momentum began to wane after reaching $2.25 per MMBTu area, and a small pullback can be observed in the last couple of minutes.
Source: xStation5
āļāđāļēāļ§āđāļāđāļāļ§āļąāļāļāļĩāđ 4 āļĄāļĩ.āļ.
ð āļāļĨāļēāļāđāļāđāļāļ§āļąāļāļāļĩāđðĻ āļĢāļēāļāļēāļāđāļģāļĄāļąāļāļāļļāđāļ 5% āļāļāļāļąāļ Wall Street
āļāđāļēāļ§āđāļāđāļāļ§āļąāļāļāļĩāđ 3 āļĄāļĩ.āļ.
āļĒāļļāđāļĢāļāļāļ°āđāļāļāļīāļāļ āļēāļ§āļ°āđāļāļ·āđāļāđāļāļĨāļīāļāļŦāļĄāļāļŦāļĢāļ·āļāđāļĄāđ?
