17:04 · 20 May 2024

NATGAS at the highest levels since second half of January 📈

U.S. natural gas (NATGAS)-based futures are gaining nearly 3% today on higher temperature forecasts that could drive demand for electricity generated by burning gas to fuel air conditioning. Moreover, weak year-on-year production data and lower-than-expected inventories have undercut sentiment of an oversupplied market after an unusually mild winter that decimated demand.

Demand for natural gas in the continental U.S. zone is now climbing above a five-year trading range showing the seasonality of demand for the commodity.

Source: Bloomberg Financial LP

Early hot weather in Texas further bolstered upward movements in contracts. Source: Bloomberg Financial LP

NATGAS is trading at its highest levels since the beginning of the second half of January this year. The most important support point in the short term all the time may remain the 200-day EMA (gold curve on the chart). If the increases continue, the $3 zone could be an interesting test point for the buyers' side. 

Source: xStation 

9 July 2026, 08:21

Chart of the day 🚩 Oil slides from $80 despite USA - Iran tensions. What's next?

9 July 2026, 06:43

Morning wrap🚩 Wall Street resists oil pressure amid rising Middle East tensions (09.07.2026)

8 July 2026, 19:25

Daily Summary - Escalation in the Middle East. FOMC fears inflation

8 July 2026, 18:07

Trump in Ankara does not signal total escalation. Oil limits gains, and Nasdaq parries losses

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.