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Bullish Commodities? Not So Fast | Lukas Kuemmerle
Forward Guidance
The Importance of Seasonality in Natural Gas Prices
The price of natural gas spikes are more likely in periods of the build up phase, which is from now on over the next six months. Inventories get filled up when not too much crude oil is needed right now because we get again back in spring and summer temperatures get warmer. Households need less oil to heat. And this is the time when you want to refill your tanks. So, yeah, this is why the seasonality is looking like it looks like.
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