- Liquidity Natural Gas Daily
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- Natural Gas Update September 2, 2025
Overview
Natural Gas---NG is down 11.8 cents ( versus Friday's settlement)
NG spot futures are lower versus Friday's settlement and versus early Monday prices. Although the tone has become more bullish for NG in recent days on the back of the EIA storage data seen the past 2 weeks, implying a tighter supply picture, the weak fall/shoulder season weather pattern has raised some skepticism.
The EIA data seen the past 2 weeks suggested greater power burns amid sluggish renewable power generation.
Bloomberg estimates lower 48 dry gas production today at 107.01 BCF/d, up from the previous day's level of 106.91 BCF/d. These production numbers are lower versus Sunday's level of 108.13 BCF/d.
Celsius Energy data shows wind power generation today being down 6.5% from Monday and down 51.7% versus year ago level. They put the natural gas demand boost versus a year ago at 1.0 BCF/d.
Early estimates seen for this week's EIA gas storage data are calling for a build of 53 to 59 BCF. This compares to last year's build of 16 BCF and the 5 year average build of 36 BCF.
TTF gas prices in Europe have stabilized with wind generation seen as weak, thus boosting gas power burns. Also Norwegian field maintenance has cut flows to Europe. EU Gas storage is almost 78% full, below the 92% year-on-year and lower than the 5-year average of 85%, but are still on pace to meet the EU’s 80% target by early November.(FX Street/Trading News) Momentum technically basis the DC chart for TTF is negative. Support is seen at the Euro 30.300 level. Resistance lies at Euro 34 area and then at Euro 35.67.
Support at 2.922-2.929 has been pierced this morning. Below this, support comes in at 2.850-2.858. Below that support comes in at 2.774. Prices had rallied over $3.00 Friday late and early on in Sunday's session with a high of $3.065. The $3.00 level looks to be resistance on a rally. Momentum is still positive on the DC chart, and turned positive on the weekly continuation chart this week from an oversold condition.
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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.
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