Natural Gas News – April 21, 2025
Natural Gas News – April 21, 2025
Bearish Forecast Builds as Sellers Eye 200-Day Average at $2.899
Natural gas futures extend a five-day drop, with sellers targeting the 200-day average support at $2.899. EIA reports a smaller-than expected 16 Bcf injection last week, but sentiment remains bearish despite the bullish surprise. Production stays elevated above 105 Bcf/day, while LNG exports slip to 15.5 Bcf/day, widening the imbalance. U.S. natural gas futures continued their downward drift Monday, extending a five-day slide driven by persistent selling pressure and weak demand signals. Prices are now pressing into key technical territory, with traders eyeing the 61.8% retracement level at $2.995 and the 200-day moving average near $2.899 as the next critical zone. At 11:45 GMT, Natural Gas Futures are trading $3.181, down $0.064 or -1.97%. Warmer-than-normal conditions are dominating across major demand regions,…https://tinyurl.com/4r5jbmxj
Forecast Turns Bearish as Warm Weather Dims Demand Outlook
Natural gas futures closed lower as warmer forecasts weighed on demand despite a bullish surprise in EIA storage data. EIA reported a +16 Bcf injection vs. a forecast of +24 Bcf and a 5-year average of +50 Bcf, signaling tight supply. Spring temperatures across most of the U.S. may curb heating demand and accelerate storage rebuilds, pressuring prices. Natural gas futures ended the week on a weaker note, pressured by improving weather forecasts that are expected to dampen demand heading into late April. Despite a bullish miss on the U.S. Energy Information Administration (EIA) storage report, May futures slipped to a 2-1/2 month low on Thursday before recovering most of the session’s losses through short-covering. The contract settled at $3.295, down 0.06%. On Thursday, U.S. Natural Gas…For more info go to https://tinyurl.com/mr39ye7v
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