A mild U.S. weather outlook pressured natural gas futures last week, yet technical factors are skewing prices positive. BOK Financial notes that quant funds have shifted to short positions, which could support longer-term bullishness. However, the firm maintains that without a fundamental demand shift, the path of least resistance remains lower.
The most active contract rose 0.3% in early trade. Analysts suggest that continued short positioning by quant funds may eventually outweigh weather-related bearishness, though fundamental demand remains the key driver for sustained price movement.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing