Natural Gas Price Fundamental Daily Forecast - Bearish Weath

Natural Gas Price Fundamental Daily Forecast - Bearish Weather Outlook to Weigh on Demand


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Natural gas futures are trading lower on Monday and for the first week in three, there was no gap on the opening. This suggests that traders were anticipating warming trend that was essentially confirmed in the forecasts from over the weekend.
Although the market opened lower, there hasn’t been too much of a follow-through to the downside. This could be because traders anticipate another round of colder temperatures for key U.S. demand areas later this month.
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At 15:20 GMT, March Natural Gas futures are trading $2.602, down $0.054 or -2.03%.
Weather Remains the Focus
EBW Analytics Group said the current weather models see “the earliest cooling by nearly a week” and a “large loss in natural gas demand” for the next two storage weeks.

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