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- Natural Gas Update October 9,2025
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Overview
Natural Gas--NG is up 0.5 cents at $3.338
NG futures are near unchanged after Wednesday's sharp selloff. Mid-October temperature forecasts trending warmer and profit taking from an overbought technical condition were seen behind the drop in NG prices Wednesday.
The EIA gas storage data due out today is seen as a build of 75 to 77 BCF, as per the WSJ, Reuters & Bloomberg surveys. This compares to last year's build of 78 BCF and the 5 year average build of 94 BCF.
Bloomberg data was revised to where Tuesday's dry natural gas production numbers were raised to 107.13 BCF/d from 105.89 BCF/d, which is now about 1 BCF/d below the 30-day moving average of 108.16 BCF/d. Production today is estimated at 108.0 BCF/d. This compares to the 30 day average of 108.15 BCF/d.
TTF European gas futures prices have gapped lower today as WSJ commentary cites less supply concerns for the drop. Qatar Energy has been authorized to continue shipments of LNG through the Persian Gulf after the country’s transportation ministry had suspended maritime activity earlier in the week. (NGI) One source quoted by the WSJ suggests that despite storage being below the 5 year average, the target levels set by the EU are seen being reached before the start of heating season. Storage is currently at 83%. The 5 year average is 91%. The EU target is 90% by November 1, although the deadline is now flexible between October 1st and December 1st. The TTF spot futures gap currently lies from Euro 32.380 to 32.510.
Technically NG futures show us that prices over $3.55 are not sustainable. Some resistance is likely below that at 3.485-3.490. Support at 3.287-3.293 was tested overnight with a low of 3.279. Below that support lies at 3.238 / 3.245. Momentum turned negative with the steep selloff seen yesterday.
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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.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC
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