EIA Natural Gas Storage Build Of +13 Bcf Misses Estimates

On August 21, 2025, EIA released its Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +13 Bcf from the previous week, compared to analyst forecast of +22 Bcf. In the previous week, working gas in storage increased by +56 Bcf.

At current levels, stocks are -95 Bcf less than last year and +174 Bcf above the five-year average for this time of the year.

Natural gas  prices moved higher as traders reacted to the EIA report. Storage build missed analyst estimates, which may provide additional support to natural gas markets.

It should be noted that natural gas prices have been under significant pressure since mid-July. Thus, the encouraging report may trigger a wave of short-covering.

However, weather forecasts remain uninspiring. Current demand for natural gas is high, but it is expected to drop soon due to cooler weather.

From the technical point of view, natural gas is trying to settle above the $2.80 level. In case this attempt is successful, natural gas will head towards the nearest resistance level, which is located in the $3.00 – $3.05 range. RSI is in the moderate territory, so there is plenty of room to gain upside momentum in the near term.

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