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- Natural Gas Update September 12,2025
Overview
Natural Gas--NG is unchanged
NG spot futures prices are unchanged today as a slightly disappointing EIA storage number seen yesterday and a drop in feedgas volumes for LNG export seen this week weighed on prices overnight. Futures prices behind October are weaker than the spot contract today, reversing some of the weakness seen in the forward curve this week.
The EIA natural gas storage data issued Thursday saw a build of 71 BCF. Total storage thus rose to 3.343 TCF. This is +188 BCF /+5.96 % versus the 5 year average. The deficit to last year shrank to -38 BCF /-1.12 %. ING wrote that "the bigger-than-average increase was largely due to warmer weather curbing demand."
Forecaster Vaisala said Thursday that forecasts shifted warmer in the East for September 16-20, and above normal temperatures are forecast to persist throughout the country for September 21-25. Texas is to remain on the hot side with highs in several key metro areas staying over 90 degrees over the next 7-10 days. "Power-sector demand could get a lift from high afternoon temperatures seen for Texas, with another day of light wind generation,", as per an analyst cited in WSJ commentary yesterday.
Comments seen re the current futures pricing include :" Shoulder Season Futures Prices Now Undervalued After Selling Pressure". "Further downside in natural gas prices in the near term appears limited due to forecasts for warmer US weather."
Technically momentum is negative. Support at the 2.93 level has been tested today with next best support seen just below 2.87. Resistance comes in at 3.062-3.065 and then at 3.130-3.131.
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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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