Natural Gas News – March 28, 2025
Natural Gas News – March 28, 2025
Weak Demand & Mild Weather Cloud Market Forecast
U.S. natural gas futures are struggling to regain upside traction after rebounding from a five-week low, with April contract expiration and short-covering giving temporary lift. Despite the recovery, the broader downtrend remains intact as a bearish EIA storage report and mild weather forecasts continue to weigh on sentiment. At 10:54 GMT, Natural Gas Futures are trading $3.864, down $0.061 or -1.55%. Thursday’s bounce followed a sharp decline that took prices below the 50-day moving average ($3.811), touching $3.732 before reversing higher. The rebound encountered resistance near $3.924—a key pivot level—early Friday. If bulls can reclaim that level, a short-covering rally could extend toward $4.317.… https://tinyurl.com/yc76vcc8
Supply Concerns Lift Sentiment but Resistance Looms
Natural Gas (NG) is trading at $3.91, slipping just below its 50-day EMA, with the broader trend showing signs of fatigue. Price action remains capped under a downward-sloping trendline, and the inability to hold above the pivot level at $3.93 keeps sellers in control. Immediate resistance at $4.06 will be a hurdle for bulls, while further upside is unlikely unless price decisively breaks that level. On the downside, support lies at $3.74, with deeper pressure likely to test $3.62 if the selloff accelerates. The 200-day EMA sits above at $4.02, reinforcing the bearish bias. Unless natural gas reclaims $3.93 with volume, momentum favors continued downside in the near term. Stay cautious.… For more info go to https://tinyurl.com/4ff2ya9h
This article is part of Daily Natural Gas Newsletter
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