GAZB - Natural Gas: Upside Potential Could Increase Next Week As Heat Expands Into The South-Central U.S. But Will Still Remain Limited
Investment Thesis
With hotter weather expected to move into the south-central U.S. starting next week, natural gas prices could push higher. However, upside potential will be limited, as the heat is not expected to expand into the Midwest or Northeast demand centers to trigger a serious rally.
Natural gas wild roller-coaster week is highlighted by a 22-cent spread over the past couple of trading sessions
After settling higher on Wednesday 9.6 cents to $2.233, September's natural gas forward prices surged higher, before falling post the EIA inventory report on Thursday. Early on Thursday's trading session,