KOLD ProShares UltraShort Bloomberg Natural Gas : Bullish and Bearish Analyst Opinions
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16:51
Jan 07
Jan 07
1. THE FACT: European household gas demand tracks temperature exponentially, especially in sub-zero territory. January is forecast to be cold in NW Europe, well below the norm. This could lead to Europe consuming up to 63bcm in January, 21% more than last year.
2. THE BRIDGE: Significantly colder-than-normal temperatures in NW Europe in January will lead to a substantial increase in natural gas consumption, potentially straining supply and driving up prices.
3. THE VERDICT: Forecasted cold European weather in January will significantly increase natural gas demand, likely leading to higher prices.
About KOLD Analyst Coverage
Buzzberg tracks KOLD (ProShares UltraShort Bloomberg Natural Gas) across 1 sources. 1 bullish vs 0 bearish calls from 1 analysts. Sentiment: predominantly bullish (100%). 1 total trade ideas tracked.