🔴 Natural Gas ETF (BOIL) is trading 3.05% down in pre-market as mild forecasts curb heating demand

BOIL is trading at $17.53 (-3.05%) as mild U.S. weather forecasts into early November curb expected heating demand and weigh on natural gas futures.

• November natural gas futures recently fell to a four-week low near $2.84 per MMBtu.
• A smaller-than-expected storage build offered some support, but forecasts still point to light near-term demand.
• BOIL’s leveraged exposure can magnify moves in its natural-gas benchmark.