Natural Gas Update March 17,2026

Overview

Natural Gas--NG is up 5.1 cents at $3.074
NG prices are up slightly today as they continue their overall sideways movement near $3. Yesterday's test of $3 was due to a weaker HH cash price and the retreat of the energy prices, thus reducing some of the war premium. The drop in NG futures prices came even as heating and cooling demand picked up.

On Monday, the next day Henry Hub (HH) cash price fell to near $3.120, which was down 8 cents from Friday's price. The HH versus spot NG futures premium fell to + 2.5 cents, from the +5 cent premium seen late last week.

US dry gas consumption is estimated another 6.68 BCF/d higher today at 103.66 BCF/d compared to the seasonal five-year average of around 77.4 BCF/d, Bloomberg shows.

The HH and futures price falls seen Monday came even as colder weather across the mid-section of the US saw Monday's GWDD's rise to their strongest amount seen in the last 5 years. Celsius Energy data said that Monday saw GWDDs that were 9.4 greater than the 5 year average. The latest winter storm made its way into the Northeast overnight bringing a significant increase in regional heating demand today. Gulf Coast weather switches to CDDs as forecasts call for warmer than normal weather through the end of the month.  (Market News)

Lower 48 states dry gas production was estimated at 113.68 BCF/d yesterday compared to a 30-day average of 113.7 BCF/d, BNEF data shows.

Technically the NG spot futures remain stuck in the range seen the past several sessions. Support for the April spit futures comes in at 2.971-2.975 and then at 2.910-2.912. Resistance is seen at 3.180-3.188 and then at 3.275-3.280. Momentum is negative basis the April futures daily chart.

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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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