Natural Gas prices soar to closed above 200 level mark on Cold-weather forecasts, prices are at their highest level since late March while investors are the focus on inventory data this week. Cold-weather forecasts across much of the U.S. are extending a rally in natural-gas prices, the latest example of shifting temperatures wrong-footing investors in the volatile commodity market.
Trading Ideas:
* Natural gas trading range for the day is 188.3-207.7.
* Natural gas gained as forecasts for colder-than-normal weather over the next two weeks is expected to boost heating demand.
* The weather, in the last couple of weeks, was much colder than normal and the latest forecast calls for colder than normal weather for the next couple of weeks as well.
* Data provider Refinitiv projected 346 heating degree days (HDDs) in the Lower 48 U.S. states over the next two weeks.
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