Natural Gas News – June 6, 2025
Gas Weakens After Brief Spike Above $3.76
Natural gas rose briefly above the $3.76 interim trend high on Thursday to reach $3.79 before sellers took back control. Subsequently, the price of natural gas fell to a three-day low of
$3.62, pointing to a potential bearish reversal. Natural gas is set to end down for the day and below near-term support. A daily close below yesterday’s low of $3.66 will be a sign of weakness that could lead to a deeper pullback. At the time of this writing, trading in natural gas continues in the lower half of the day’s trading range and below the midline (dashed) of a rising trend channel, which are signs of weakening. It is also below an AVWAP line (light blue) that was successfully tested as support the past two days and is indicating a failure. Today’s bearish behavior sets the stage for a potential test of support around the…https://tinyurl.com/3wmyy5jv
Electricity demand is just one reason natural gas looks so appealing
It’s that time of year again, when the need for cooling in the summer heat lifts demand for natural gas — but that’s not the only factor raising the risk for tighter supplies of the fuel, making natural gas that much more appealing for investors after a nearly 10% drop in prices so far in the second quarter. Summer cooling demand, along with low U.S. storage levels, risks tied to the Atlantic hurricane season and growth in liquified-natural-gas (LNG) exports will all play a role this summer, but “not equally,” said Henry Hoffman, co-portfolio manager of the Catalyst Energy Infrastructure Fund MLXIX -0.14%. “The gas market used to be highly seasonal and regional. Now, it’s globally integrated,” he said. The most significant driver for natural gas will likely be power demand, said Hoffman. S… For more info go to https://tinyurl.com/3m8wazam
Prices Struggle After EIA Inventory Spike and Weak Demand Today
Natural gas futures hold near 200-day moving average as traders weigh bearish storage data against short-term weather-driven demand. A 122 Bcf inventory build—well above estimates—pressures prices and confirms adequate U.S. natural gas supply. Resistance at $3.791 to $3.900 limits upside; technicals point to continued “sell the rally” trading behavior. U.S. natural gas futures extended losses into early Friday but showed signs of stabilization as traders tested key technical levels and weighed bearish storage data against supportive weather patterns and short-term supply fundamentals. The July contract has been in retreat since midweek, now holding just above the 200-day moving average at $3.556—a critical level that continues to underpin near-term sentiment. At 13:34 GMT, Natural Gas Futu… For more info go to https://tinyurl.com/4avfcwt5
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
