📌 Natural Gas Key points
Fundamentally, the weather is not expected to be a big help this week, but traders are likely to be more interested in liquefied natural gas anyway. At this time, the demand picture is unclear, which could be bearish for the November futures contract, but at some time in the near future, the outlook for increased demand could provide the support for the December futures contract.
“While the weather picture isn’t great for bulls, contracts beyond November are at a growing risk for a snap back higher,” Bespoke said. “It’s just a matter of when the market decides to let the November contract completely disconnect from the rest of the curve, the timing of which is difficult to pinpoint.
But Can Expect the targets of 3.0xx-3.5xx 🎯.
Until The Next time.
RideTheMacro
Fundamentally, the weather is not expected to be a big help this week, but traders are likely to be more interested in liquefied natural gas anyway. At this time, the demand picture is unclear, which could be bearish for the November futures contract, but at some time in the near future, the outlook for increased demand could provide the support for the December futures contract.
“While the weather picture isn’t great for bulls, contracts beyond November are at a growing risk for a snap back higher,” Bespoke said. “It’s just a matter of when the market decides to let the November contract completely disconnect from the rest of the curve, the timing of which is difficult to pinpoint.
But Can Expect the targets of 3.0xx-3.5xx 🎯.
Until The Next time.
RideTheMacro
