Natural gas markets whipsawed sharply this week, with prompt-month prices collapsing nearly $1.40 from last Friday’s highs as forecasts flipped from sustained cold to a pronounced mid-December warmup. While the next several days are expected to bring the coldest weather of the season and a spike in heating demand, models now point to a notably mild stretch through Christmas, driving the market’s abrupt shift in sentiment. With peak winter still ahead and weather volatility firmly in play, the market’s latest selloff may prove just as overdone as last week’s rally.
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