BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

aug 6 forecast - AVERAGE 3.10 INTO NOVEMBER, peaks tba

[marcrobert]

AVERAGE 3.10 INTO NOVEMBER, that's at least 50% from here, with higher  peaks possible of course

enjoy the rise 

• Natural gas markets. Following a very hot July across much of the United States, we expect slightly milder weather in August will reduce natural gas consumption. We forecast natural gas consumed to generate electricity generation will average 46 billion cubic feet per day (Bcf/d) in August, down 2% from July. Dry natural gas production in our forecast for August stays close to its level in July. Because of falling consumption and flat production, we expect the Henry Hub price to stay relatively low, remaining below $2.50/MMBtu through October. However, we expect seasonal increases in consumption for space heating, along with a ramp up in liquefied natural gas (LNG) exports from new facilities in Texas and Louisiana, will push the Henry Hub price to average about $3.10/MMBtu from November through March.