Natural Gas Forecast for Q3 2025

Natural Gas Q3 Technical Analysis

The natural gas markets have seen quite a bit of volatility over the last several months. And I think at this point in time, the third quarter might be interesting because I think initially we will probably try to fall towards the $3 level. The $3 level, of course, is a large, round, psychologically significant figure in an area that has been both support and resistance multiple times in the past. So I think it does make a certain amount of sense that we would find ourselves looking at that. If we break down below there, then the $2.80 level would be the next area I’d watch.

But as we get towards the end of Q3, I do expect a turnaround and an attempt to start building prices to the upside. We see that every year, when traders start to focus on the fact that it might be a cold winter, there will be more demand for natural gas. So, with that, I think you have a scenario where Q3 initially drops, but at the very end of it, we start to see the turnaround.

I think natural gas is going to continue to be a market that moves on the latest forecast. Therefore, it is a little difficult to call it week by week from this point out because there will be a couple of weeks during the week, especially in August, when the temperatures in the United States will be extraordinarily high. And that will cause people to look for natural gas to rise due to demand for electricity producing air conditioning. So overall, I suspect between $2.80 and $4 is where we spend our time. More to the downside than the up.

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