natural gas price forecast

Natural Gas Futures Continue Slide Early as Analysts Point to Technical Factors

Natural Gas Futures Continue Slide Early as Analysts Point to Technical Factors

Coming off a sharp decline in the previous session, natural gas futures retreated further in early trading Wednesday as analysts pointed to technical factors, more so than fundamentals, to explain recent price action. The July Nymex contract was off 4.6 cents to $3.194/MMBtu at around 8:50 a.m. ET. The July contract fell 11.2 cents the…

June 16, 2021
July Natural Gas Adds to Gains Early as ‘Bears Need to Stage an Immediate Intervention’

July Natural Gas Adds to Gains Early as ‘Bears Need to Stage an Immediate Intervention’

Natural gas futures were virtually unchanged in early trading Monday, holding onto recent gains as updated forecasts eased off somewhat on expected heat over the next two weeks. The July Nymex contract was up 0.8 cents to $3.304/MMBtu at around 8:45 a.m. ET. The July contract is coming off a roaring 14.7-cent rally in Friday’s…

June 14, 2021
Natural Gas Forward Curve Shows ‘Resilience’ as Futures Rebound Early

Natural Gas Forward Curve Shows ‘Resilience’ as Futures Rebound Early

After largely absorbing the bearish impact of a cooler shift in forecasts heading into the current trading week, natural gas futures rebounded early Tuesday amid signs the market remains optimistic about summer pricing.  The June Nymex contract, set to expire this week, was up 3.4 cents to $2.920/MMBtu at around 8:50 a.m. ET. July was…

May 25, 2021
Natural Gas Futures Ease Lower Early; Temps Seen Averaging Above Normal

Natural Gas Futures Ease Lower Early; Temps Seen Averaging Above Normal

With no major changes from updated forecasts, and as analysts continued to mull a bearish miss in the latest government inventory data, natural gas futures traded slightly lower early Friday. The June Nymex contract was off 1.3 cents to $2.912/MMBtu at around 8:45 a.m. ET. After some back-and-forth trends in recent runs of the major…

May 21, 2021
Natural Gas Futures Surge as Forecasts Show ‘First Wave of Cooling Demand’ in East

Natural Gas Futures Surge as Forecasts Show ‘First Wave of Cooling Demand’ in East

Forecasts advertising hot temperatures for population centers in the eastern half of the Lower 48 later this month helped send natural gas futures sharply higher early Monday. The June Nymex contract was up 10.9 cents to $3.070/MMBtu at around 8:45 a.m. ET. Over the weekend weather models trended “notably warmer” for late this week into…

May 17, 2021
Forecasts Seen Needing More Heat to Impress as Natural Gas Futures Dip Early

Forecasts Seen Needing More Heat to Impress as Natural Gas Futures Dip Early

With the natural gas market still waiting for more impressive cooling demand to show up in forecasts, futures probed lower in early trading Tuesday. The June Nymex contract was down 3.7 cents to $2.895/MMBtu at around 8:50 a.m. ET. Technical support around $2.900 held for the June contract in Monday’s trading, but this support level…

May 11, 2021
Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Natural gas futures retreated in early trading Monday as forecasts over the weekend advertised milder conditions that would limit early season cooling demand. The June Nymex contract was down 2.3 cents to $2.935/MMBtu at around 8:45 a.m. ET. Changes in the weather data over the weekend pointed to lower overall demand for the next 15…

May 10, 2021
Above Normal Cooling Demand Seen Arriving by Late May as June Natural Gas Called Higher

Above Normal Cooling Demand Seen Arriving by Late May as June Natural Gas Called Higher

As updated forecasts hinted at higher cooling demand developing later in May, natural gas futures recovered the previous session’s losses in early trading Friday. After slipping 1.0 cents in Thursday’s trading, the June Nymex contract was up 1.3 cents to $2.941/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data projections from Bespoke…

May 7, 2021
Natural Gas Futures Steady Early as EIA Storage Report Said ‘More Important Than Most’

Natural Gas Futures Steady Early as EIA Storage Report Said ‘More Important Than Most’

Natural gas futures eased lower early Thursday as traders awaited the latest government storage report, a potentially pivotal data point that has proven difficult to predict in recent weeks. The June Nymex contract was down 0.2 cents to $2.936/MMBtu at around 8:50 a.m. ET. The Energy Information Administration’s (EIA) latest weekly storage report, scheduled for…

May 6, 2021
Natural Gas Futures Await ‘Bullish Catalyst’ as Prices Called Slightly Lower Early

Natural Gas Futures Await ‘Bullish Catalyst’ as Prices Called Slightly Lower Early

Coming off a range-bound trading session, and with the latest weather outlook offering little to excite bulls, natural gas futures hovered close to even early Wednesday. The June Nymex contract was off 1.3 cents to $2.954/MMBtu at around 8:45 a.m. ET. Based on the latest forecast data Bespoke Weather Services made a “marginal increase” to…

May 5, 2021
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