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.
We update this page daily to ensure you have the latest information by covering the Natural Gas price changes.
NATGAS Analysis & Live Chart
Natural Gas Fundamental Analysis
Bloomberg—US natural gas prices dropped below $3.30 per MMBtu, hitting a two-month low as output climbed and warmer weather reduced demand.
So far in April, gas production in the Lower 48 states has averaged 106.3 billion cubic feet per day, slightly above the March record of 106.2 bcfd. Over the weekend, daily production peaked at 107.4 bcfd.
Meanwhile, forecasts point to above-average temperatures lasting through late April, limiting the need for heating. In contrast, LNG export activity increased, with flows reaching a record 16.3 bcfd this month, mainly boosted by growing shipments from Venture Global’s Plaquemines terminal in Louisiana.
NATGAS Technical Analysis
FenzoFx—FenzoFx—NATGAS failed to stabilize below the $3.43 support, resulting in prices bouncing back. As of this writing, natural gas is trading slightly above the support level.
From a technical perspective, the recent bounce in price couldn’t form a new higher high. Therefore, it is expected that prices may fall. However, bears must close and stabilize below the $3.43 support for the downtrend to resume.
In this scenario, the next bearish target could be $3.08.
NATGAS Support and Resistance Levels
| Support | 3.08 | 3.00 | 2.85 |
| Resistance | 3.43 | 3.66 | 4.19 |
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