Commodities Analysis by Investing.com (Barani Krishnan) covering: Natural Gas Futures, WisdomTree Natural Gas 1x Daily Short, TR/CC CRB Natural Gas, iPath® Bloomberg Natural Gas Subindex Total Return(SM) ETN. Read Investing.com (Barani Krishnan)'s latest article on Investing.com
is a market for some of the most imaginative bets. And like any card game, the House will almost always have a better hand than yours, no matter your smarts.
And it’s not just longs in the game who were frustrated in their attempts to get the market to $3 and above . This isn’t to say that Vladimir Putin can’t create his own parallel of an energy nightmare for Europe with gas. He has, of course, tried. But he has also failed, most memorably. That speaks volumes for the democratization of energy via gas.Charts by SKCharting.com, with data powered by Investing.com
Forecaster NatGasWeather says the period beginning Sunday, or Aug. 20, through Aug. 25 is shaping up to be “near the strongest of the summer and of the past 40-plus years for this period, even after cooler overnight trends”. Various analysts point to a recent decline in the cooling degree days, or CDDs, impacting the demand outlook for the second and third upcoming storage weeks. CDDs, used to estimate demand to cool homes and businesses, measure the number of degrees a day's average temperature is above 65 degrees Fahrenheit.
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