Natural Gas Update January 7,2026

Overview

Natural Gas--NG is up 14.5 cents at $3.495
NG futures are up strongly after settling lower yesterday for the 5th straight session. The back end of the 14 day period is showing very cold weather entering the forecast for the northern half of the US. NGI says that weather models added a small amount of HDD demand to the forecast overnight. 

The European TTF price has gapped higher today. The gap created today on the spot TTF futures goes from 28.180 to 28.260. Today's price has risen to the best value in almost 6 weeks. European gas storage has now fallen below 60%, well below the 5-year average of 73% full. (ING) Technically on the DC chart, there are further gaps to fill above 30 Euros. Those gaps lie from 30.215 to 30.255 and then from 30.840 to 30.855. Support below the market is seen at the Euro 26.90 area.

Technically the NG spot futures traded up today into the gap created over the weekend. The gap goes up to 3.563. Momentum is near oversold basis the DC chart and looks poised to turn upward within a day or so if the market settles in the upper 3.40's or higher. Support for the NG spot futures lies at 3.355-3.357. Resistance above the gap area at 3.563 comes in at 3.656-3.662. Several comments seen cited that the market was oversold/overextended prior to today.

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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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