EIA Natural Gas Storage Build Of +109 Bcf Beats Analyst Estimates

On June 12, 2025, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +109 Bcf from the previous week, compared to analyst forecast of +108 Bcf. In the previous week, working gas in storage increased by +122 Bcf.

At current levels, stocks are -256 Bcf less that last year and +139 Bcf above the five-year average for this time of the year.

Natural gas prices continued to move higher as traders reacted to the EIA report. The report has mostly met analyst expectations, which may serve as a positive catalyst for natural gas market.

The current demand for natural gas is moderate. Weather forecasts indicate that demand should not increase in the next seven days, so it remains to be seen whether bulls will find sufficient positive catalysts to push prices to new highs.

From the technical point of view, natural gas is trying to settle back above the resistance at $3.60 – $3.65. In case this attempt is successful, natural gas will move towards the next resistance level, which is located in the $3.85 – $3.90 range. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

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