Total supply decreased by 0.1 BCFD | Total demand decreased by 1.1 BCFD | Market is oversupplied by 16.2 BCFD
MA(9): $3.6
MA(20): $3.49
MACD: 0.0588
Signal: 0.0187
Days since crossover: 8
Value: 53.4
Category: NEUTRAL
Current: 2,111
Avg (20d): 141,951
Ratio: 0.01
%K: 74.37
%D: 84.44
ADX: 17.03
+DI: 21.37
-DI: 13.57
Value: -25.63
Upper: 3.87
Middle: 3.49
Lower: 3.11
| Category | Current (BCFD) | Last Week | Last Year | 3 Yr Avg |
|---|---|---|---|---|
| Dry Production | 105.8 | 106.3 | 100.1 | 99.1 |
| LNG Imports | 0.0 | 0.0 | 0.1 | 0.1 |
| Canadian Imports | 6.5 | 6.7 | 5.3 | 4.77 |
| Total Supply | 112.4 | 112.5 | 105.4 | 103.9 |
| Industrial Demand | 22.4 | 22.6 | 21.7 | 21.47 |
| Electric Power Demand | 34.6 | 31.7 | 35.6 | 32.23 |
| Residential & Commercial | 10.8 | 13.4 | 10.1 | 9.8 |
| LNG Exports | 14.4 | 15.7 | 13.0 | 13.03 |
| Mexico Exports | 7.2 | 7.4 | 6.9 | 6.13 |
| Pipeline Fuel | 6.7 | 6.7 | 8.7 | 7.2 |
| Total Demand | 96.2 | 97.3 | 95.9 | 89.83 |
| Supply/Demand Balance | 16.2 | 15.2 | 9.5 | 14.07 |
TTF prices decreased to 12.041 EUR/MWh (-0.091). JKM prices increased to 12.445 USD/MMBtu (+0.030). JKM is trading at a premium of 0.404 to TTF, indicating strong Asian demand.
Front month: JUL 25
As of 2025-06-09
Front month: JUL 25
As of 2025-06-09
JKM is trading at a premium to TTF, indicating strong Asian demand.
As of 2025-06-09
| Month | Price (EUR/MWh) |
|---|---|
| JUL 25 | 12.041 |
| AUG 25 | 12.218 |
| SEP 25 | 12.356 |
| OCT 25 | 12.493 |
| NOV 25 | 12.671 |
| DEC 25 | 12.788 |
| JAN 26 | 12.827 |
| FEB 26 | 12.828 |
| MAR 26 | 12.638 |
| APR 26 | 11.773 |
| MAY 26 | 11.487 |
| JUN 26 | 11.408 |
| Month | Price (USD/MMBtu) |
|---|---|
| JUL 25 | 12.445 |
| AUG 25 | 12.645 |
| SEP 25 | 12.625 |
| OCT 25 | 12.725 |
| NOV 25 | 12.840 |
| DEC 25 | 13.185 |
| JAN 26 | 13.235 |
| FEB 26 | 13.210 |
| MAR 26 | 12.775 |
| APR 26 | 11.910 |
| MAY 26 | 11.695 |
| JUN 26 | 11.690 |
| Date | Prediction | Lower Bound | Upper Bound |
|---|---|---|---|
| 2025-06-10 | $3.65 | $3.36 | $3.94 |
| 2025-06-11 | $3.65 | $3.36 | $3.94 |
| 2025-06-12 | $3.65 | $3.36 | $3.94 |
| 2025-06-13 | $3.64 | $3.35 | $3.93 |
| 2025-06-14 | $3.65 | $3.36 | $3.94 |
Current market conditions indicate a neutral sentiment with a fundamental balance of 16.20 BCFD. The Fibonacci support level is at 3.56 and resistance at 3.72, suggesting limited volatility in the short term. The ML price forecast indicates a potential uptick of 0.41%, with a range between 3.36 and 3.94. Traders should monitor for any shifts in demand due to the cooling demand across regions, as this could create short-term trading opportunities.
The neutral market sentiment and a fundamental balance increase of +1.00 suggest a stable production environment. Producers should consider this when planning output and hedging strategies. The low heating demand and moderate cooling demand may influence gas consumption patterns, necessitating adjustments in supply levels. Additionally, the neutral sentiment in news regarding supply cuts and geopolitical tensions indicates a cautious approach to inventory management.
With the current neutral sentiment and the fundamental balance indicating a slight increase, consumers should brace for potential cost fluctuations in the near term. The low heating demand forecast suggests that procurement strategies should focus on the upcoming cooling periods, which may lead to increased energy costs. Monitoring price movements within the range of 3.36 to 3.94 will be crucial for effective budgeting and hedging decisions.
The market presents a neutral sentiment with a fundamental balance of 16.20 BCFD. The technical indicators show support at 3.56 and resistance at 3.72, indicating a potential consolidation phase. The cooling demand across all regions suggests a need for close monitoring of consumption patterns, which could shift the market outlook. Analysts should consider the implications of the ML price forecast indicating a slight upward trend, as this could signal a change in market dynamics.