Natural Gas News – July 7, 2025
Natural Gas News – July 7, 2025
Mansfield Market Assessment
Not much new information out in the market this Monday morning. Weather looks to be above the 10 year, however, not much heat in Texas and the Southeast. Production looks to be around 106 BCF which seems to be high based on current load. From a technical standpoint, $3.40 is a huge level, we are below that level and if we can’t rally back above that level, we are going to test $3.18.
Cash at Henry Hub continues to trade behind the futures approximately $0.15 cents, we need heat in Texas!
Bearish Outlook Builds as Weather Cools, Inventory Swells
Natural gas futures plunged 8.8% as cooler weather forecasts undercut strong summer demand expectations. EIA reported +96 Bcf and +55 Bcf injections, pushing inventories 6.2% above the five-year seasonal average. Technicals show futures trading below the 52-week MA at $3.640, with key support at $2.496 in focus. Natural gas prices came under heavy selling pressure during the holiday shortened week of June 30 to July 4, with futures settling 8.8% lower as cooler weather forecasts undercut expectations for strong summer demand, while robust production and solid storage builds reinforced the bearish narrative. Traders who positioned for heat-driven demand faced a sharp reversal as forecasts shifted cooler across key regions, reducing expectations for air conditioning load into mid-July. Model… For more info go to https://tinyurl.com/ysps7f2t
This article is part of Daily Natural Gas Newsletter
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