This NATGAS analysis reviews the commodity from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
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NATGAS Analysis & Live Chart
Natural Gas Fundamental Analysis
Bloomberg—US natural gas futures dropped below \$3.60/MMBtu, weighed down by lower gas flows to LNG export terminals during ongoing spring maintenance. So far in June, LNG feedgas demand has averaged 13.8 bcfd, falling from 15.0 bcfd in May and 16.0 bcfd in April.
Key sites affected include Cameron LNG, Cheniere’s Sabine Pass and Corpus Christi, and Freeport LNG, which has faced several outages. Maintenance is expected to last through mid to late June.
Despite the slowdown, above-normal temperatures are expected across the Lower 48 states through June 24, potentially increasing demand for cooling. Gas production in the region has remained steady at 105.2 bcfd, slightly under the March high of 106.3 bcfd, mostly due to seasonal maintenance.
Storage levels are about 5% above the five-year average, and analysts expect another triple-digit storage build this week, continuing a seven-week trend.
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