Natural Gas Update December 31,2025

Overview

Natural Gas -- NG is down 19.6 cents at $3.776
NG futures have fallen further today as the forecasts are calling for above normal temperatures for much of the U.S. in the 6-10 day period. The well below average storage draw due out today is also likely weighing on prices.

NOAA’s 6-10 day forecast (Jan 4th-8th) calls for much of the country to have above normal temperatures.

The EIA gas storage data to be released today at Noon for the week ended Friday Dec. 26 is forecast to show a draw of 46 to 53 BCF as per news wire surveys. This compares to last year's draw of 112 BCF and the 5 year average draw of 120 BCF.

The Baker Hughes gas rig count seen Tuesday showed an decrease of 2 units.

Technically, the DC chart for NG shows momentum having turned negative as the spot futures are well off the high seen just 24 hours ago. The spot futures are attacking the DC chart gap left by the expiration of the November contract at the end of October. The gap then went from 3.786 down to 3.405. Near-term support for the February futures lies at 3.727-3.734. Next best support below that is seen at 3.617-3.618. Resistance comes in at 3.976-3.979, which is just below the overnight high of 3.983.

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Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

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