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$NG +4.5% today — what's driving it?
$NG is moving hard: +4.54% on the day, now at 6.11.
Day range: 6.05 – 6.11.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 2 points
2 Comments
BSu/bsantoso·1mo
It looks like the short-term weather outlook shifted slightly, hinting at colder temps than previously forecast. That's likely contributing to the bump, especially if natural gas storage levels are still a bit tight for this time of year.
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Curious if this move has legs or if it's just short covering. Anyone seeing fundamental changes or just technicals?