6:42 PM · 20 June 2023

NATGAS drops over 5%

US natural gas prices (NATGAS) are experiencing a significant pullback today and are trading over-5% lower. This comes after a shortened trading on NATGAS yesterday, what was due to US holiday. Declines today have accelerated after launch of the US cash stock market session at 2:30 pm BST.

New set of weather forecasts for the United States is named as a reason behind the drop today. However, those forecasts point to a significant pick-up in temperatures, especially in Texas, where the share of gas-powered plants in electricity generation is large.

As those do not support the current drop from a fundamental point of view, we see today's drop as profit taking following steep gains made by NATGAS last week. Also quite a strong correlation can be spotted between oil and natural gas since the beginning of May and a drop on crude market may also be playing a role in today's natural gas sell-off.

NATGAS is trading over 5% lower. A key support can be found in the 2.45 area with 2.30 area being the next one in-line. Seasonal patterns suggest that local low may be reached by the end of this week. Source: xStation5

25 June 2026, 2:42 PM

Market Wrap: Markets Rally on Strong Micron Data (25.06.2026)

24 June 2026, 6:33 PM

Daily Summary- Wall Street Holds Firm While Commodities Plunge on Hawkish Fed

24 June 2026, 4:46 PM

Super El Niño Strikes: How to Secure Your Portfolio and Profit from Global Climate Changes?

24 June 2026, 4:41 PM

🟡Gold tests $4,000

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits