Forecasts & Analysis | Natural Gas

Well, that didn’t last very long. We reached the $9.00 level and then absolutely plunged. This is a microcosm of what we have seen for a while, and I don’t see that changing.

An EIA injection near 70 Bcf would leave stocks more than 11% below the five-year average and could reverse the early session weakness.

Natural gas rallied towards $8.70. Gold remains stuck near the $1700 level.

The natural gas markets have rallied significantly during the trading session on Wednesday as we continue to see plenty of volatility in this market.

It’s official: The world is in the middle of its first ever Global Energy Crisis. In the Seventies, we had an Oil Crisis – but now we have an Oil Crisis, a Natural Gas Crisis, a Coal Crisis and an Electricity Crisis all at once.

A U.S. railway strike could threaten coal supplies to power plants, which could force generators to burn more gas to produce electricity.

Natural gas markets have risen slightly during the trading session on Tuesday as we have broken back above the 50-Day EMA indicator.

Silver pulled back towards $19.50. WTI oil is trading near the $88 level.

Data provider Refinitiv projected average gas output in the U.S. Lower 48 slightly lower than the prior week.

WTI oil moved closer to the $90 level. Natural gas is testing resistance at $8.35.