Natural Gas Update January 5, 2026

Overview

Natural Gas--NG is down 19.6 cents at $3.422
NG prices have gapped lower over the weekend as weather demand remains low to very low for the next 12 days.

Natural gas demand basis the weather is seen as low to very low for days 1 through 12 and then moderate for days 13 to 15, as per NatGasWeather. Weather models for the coming 14 days were said to be little changed over the weekend. Average Lower 48 temperatures are forecast to edge further above normal in the coming days before a steady decline from the weekend and back near normal around mid-month. (NOAA) Meteorologists forecast warmer than normal temperatures nationwide through January 16, with heating degree days (HDD) falling from 413 on Wednesday to 369 on Friday. (baird maritime)

US domestic natural gas production is estimated today at 110.5 BCF/d compared to the 30-day average of 113.1 BCF/d, according to BNEF.

Technically the NG has negative momentum basis the DC chart. The gap from the weekend goes from 3.508 to Friday's low of 3.563. The prior DC chart gap to 3.405 left from the November futures expiration was filled overnight. Below that light support comes in at 3.355-3.357. Resistance comes in at the overnight high at 3.507-3.508 and then at Friday's low at
3.563-3.572.

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