MA(9): $3.33
MA(20): $3.14
MACD: 0.0699
Signal: 0.077
Days since crossover: 1
Value: 49.19
Category: NEUTRAL
Current: 6,242
Avg (20d): 162,111
Ratio: 0.04
%K: 42.66
%D: 48.29
ADX: 19.37
+DI: 23.99
-DI: 22.73
Value: -57.34
Upper: 3.6
Middle: 3.14
Lower: 2.68
| Category | Current (BCFD) | Last Week | Last Year | 3 Yr Avg |
|---|---|---|---|---|
| Dry Production | 105.2 | 105.8 | 101.7 | 100.87 |
| LNG Imports | 0.0 | 0.0 | 0.1 | 0.1 |
| Canadian Imports | 4.9 | 5.0 | 5.7 | 5.63 |
| Total Supply | 110.1 | 110.8 | 107.4 | 106.63 |
| Industrial Demand | 21.8 | 22.0 | 22.1 | 22.17 |
| Electric Power Demand | 35.0 | 37.0 | 38.6 | 35.13 |
| Residential & Commercial | 19.0 | 11.5 | 9.4 | 10.9 |
| LNG Exports | 16.0 | 15.8 | 12.4 | 12.07 |
| Mexico Exports | 6.4 | 6.8 | 6.7 | 6.37 |
| Pipeline Fuel | 6.8 | 6.8 | 6.6 | 6.67 |
| Total Demand | 105.0 | 99.9 | 95.9 | 93.33 |
| Supply/Demand Balance | 5.1 | 10.9 | 11.5 | 13.3 |
TTF prices decreased to 10.950 EUR/MWh (-0.043). JKM prices decreased to 11.060 USD/MMBtu (-0.020). JKM is trading at a premium of 0.110 to TTF, indicating strong Asian demand.
Front month: NOV 25
As of 2025-10-12
Front month: NOV 25
As of 2025-10-12
JKM is trading at a premium to TTF, indicating strong Asian demand.
As of 2025-10-12
| Month | Price (EUR/MWh) |
|---|---|
| NOV 25 | 10.950 |
| DEC 25 | 11.061 |
| JAN 26 | 11.163 |
| FEB 26 | 11.189 |
| MAR 26 | 11.033 |
| APR 26 | 10.628 |
| MAY 26 | 10.487 |
| JUN 26 | 10.481 |
| JUL 26 | 10.511 |
| AUG 26 | 10.566 |
| SEP 26 | 10.647 |
| OCT 26 | 10.725 |
| Month | Price (USD/MMBtu) |
|---|---|
| NOV 25 | 11.060 |
| DEC 25 | 11.030 |
| JAN 26 | 11.230 |
| FEB 26 | 11.195 |
| MAR 26 | 10.890 |
| APR 26 | 10.455 |
| MAY 26 | 10.390 |
| JUN 26 | 10.470 |
| JUL 26 | 10.655 |
| AUG 26 | 10.795 |
| SEP 26 | 10.845 |
| OCT 26 | 10.865 |
| Date | Prediction | Lower Bound | Upper Bound |
|---|---|---|---|
| 2025-10-11 | $3.12 | $2.88 | $3.35 |
| 2025-10-12 | $3.09 | $2.86 | $3.33 |
| 2025-10-13 | $3.1 | $2.87 | $3.34 |
| 2025-10-14 | $3.1 | $2.87 | $3.34 |
| 2025-10-15 | $3.12 | $2.89 | $3.35 |
Current market conditions indicate a bearish sentiment with a technical score of -2/5. Traders should be cautious as the price is currently facing support at 3.1 and resistance at 3.22. The ML price forecast suggests a slight upward movement of 0.34%, but overall market sentiment remains negative. This could present short-term risks for volatility, especially if prices approach resistance levels.
With the fundamental balance showing a decrease to 5.10 BCFD, producers may need to reassess their production levels and hedging strategies. The bearish market sentiment, particularly for natural gas at -0.700, suggests potential challenges in maintaining profitability. Producers should closely monitor supply disruptions and adjust operations accordingly to mitigate risks from the current market conditions.
Consumers should prepare for potential cost fluctuations due to the overall bearish market sentiment. The low heating demand reflected in the weather outlook indicates that procurement strategies may need to adapt to changing conditions. With natural gas prices expected to remain under pressure, it may be prudent for consumers to consider hedging options to secure more favorable pricing in the near term.
The market is currently skewed towards a bearish outlook, driven by low demand and a fundamental balance shift. The predominant heating demand in the Northeast and Midwest contrasts with cooling demand in the South and West, indicating regional disparities. The increased volatility indicated by the technical score and the ML price forecast suggests potential shifts in market dynamics that analysts should monitor closely for emerging opportunities or threats.