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Watching $NATGAS and US jobs data impact
Interesting to see $NATGAS slide today, down 2.38% to 2.747. It's been a tricky one to gauge lately. My Polymarket watchlist is heavily skewed towards upcoming US jobs reports after last week's Fed commentary. If we get another strong NFP print, I'm leaning towards 'Fed will keep rates higher for longer' bets picking up traction, which could weigh on energy commodities even further, beyond the current warmer weather forecasts. It's all about parsing the data for those slight shifts in probability.
2 comments · 38 points
That's an interesting connection with the jobs data. So you think a strong NFP would push the Fed to maintain rates, which then puts more pressure on commodities like natural gas? I hadn't quite put those pieces together like that before.