US February natural gas explodes 60% higher in squeeze into contract expiration
January 27, 2022 2022-01-27 19:52US February natural gas explodes 60% higher in squeeze into contract expiration
US February natural gas explodes 60% higher in squeeze into contract expiration
The February Henry Hub natural gas contract has exploded in an Amaranth-style move to $7.25 from $4.20 earlier today, gapping more than 70% higher.
The contract settles in a few minutes and the volume is just 4829 contracts so far but it’s clear that someone has been caught out by deliver
The contract settles in a few minutes and the volume is just 4829 contracts so far but it’s clear that someone has been caught out by deliver
Source:https://www.forexlive.com/news/us-february-natural-gas-explodes-60-higher-in-squeeze-into-contract-expiration-20220127/
