MA(9): $3.6
MA(20): $3.38
MACD: 0.2021
Signal: 0.1152
Days since crossover: 10
Value: 72.06
Category: OVERBOUGHT
Current: 9,701
Avg (20d): 165,075
Ratio: 0.06
%K: 92.35
%D: 93.33
ADX: 23.47
+DI: 40.62
-DI: 13.81
Value: -7.65
Upper: 4.04
Middle: 3.38
Lower: 2.72
| Category | Current (BCFD) | Last Week | Last Year | 3 Yr Avg |
|---|---|---|---|---|
| Dry Production | 105.1 | 104.6 | 101.5 | 100.87 |
| LNG Imports | 0.0 | 0.0 | 0.1 | 0.17 |
| Canadian Imports | 5.7 | 5.6 | 6.4 | 5.8 |
| Total Supply | 110.8 | 110.2 | 108.0 | 106.87 |
| Industrial Demand | 23.9 | 23.4 | 22.9 | 23.03 |
| Electric Power Demand | 34.0 | 31.7 | 34.2 | 32.37 |
| Residential & Commercial | 19.3 | 20.4 | 16.0 | 17.6 |
| LNG Exports | 17.0 | 16.9 | 13.7 | 13.13 |
| Mexico Exports | 6.5 | 6.4 | 6.3 | 6.1 |
| Pipeline Fuel | 6.8 | 6.8 | 6.7 | 6.83 |
| Total Demand | 107.5 | 105.6 | 99.7 | 99.0 |
| Supply/Demand Balance | 3.3 | 4.6 | 8.3 | 7.87 |
TTF prices remained stable to 10.900 EUR/MWh (+0.000). JKM prices decreased to 11.000 USD/MMBtu (-0.130). JKM is trading at a premium of 0.100 to TTF, indicating strong Asian demand.
Front month: NOV 25
As of 2025-11-02
Front month: DEC 25
As of 2025-11-02
JKM is trading at a premium to TTF, indicating strong Asian demand.
As of 2025-11-02
| Month | Price (EUR/MWh) |
|---|---|
| NOV 25 | 10.900 |
| DEC 25 | 10.527 |
| JAN 26 | 10.632 |
| FEB 26 | 10.672 |
| MAR 26 | 10.562 |
| APR 26 | 10.199 |
| MAY 26 | 10.086 |
| JUN 26 | 10.108 |
| JUL 26 | 10.133 |
| AUG 26 | 10.191 |
| SEP 26 | 10.276 |
| OCT 26 | 10.376 |
| Month | Price (USD/MMBtu) |
|---|---|
| DEC 25 | 11.000 |
| JAN 26 | 10.950 |
| FEB 26 | 10.835 |
| MAR 26 | 10.530 |
| APR 26 | 10.035 |
| MAY 26 | 10.005 |
| JUN 26 | 10.165 |
| JUL 26 | 10.290 |
| AUG 26 | 10.445 |
| SEP 26 | 10.490 |
| OCT 26 | 10.495 |
| NOV 26 | 10.735 |
| Date | Prediction | Lower Bound | Upper Bound |
|---|---|---|---|
| 2025-11-01 | $4.1 | $3.76 | $4.44 |
| 2025-11-02 | $4.13 | $3.79 | $4.47 |
| 2025-11-03 | $4.14 | $3.8 | $4.48 |
| 2025-11-04 | $4.09 | $3.75 | $4.44 |
| 2025-11-05 | $4.09 | $3.74 | $4.43 |
Current market conditions are showing a neutral technical interpretation with a Fibonacci support level at 3.86 and resistance at 4.2. The ML price forecast indicates a slight decline of 0.56%, suggesting potential short-term opportunities for traders to capitalize on volatility within the range of 3.76 to 4.44.
With a fundamental balance of 3.30 BCFD and a change of -4.10, traders should monitor any shifts in supply and demand dynamics closely. The overall market sentiment is also neutral, indicating that traders should remain cautious and look for further confirmation before making significant moves.
The current market sentiment reflects a mixed outlook, with a positive sentiment for natural gas at +0.700 and a negative sentiment for crude oil at -0.400. This divergence suggests that producers should consider adjusting their production plans accordingly, focusing on hedging strategies to mitigate risks associated with fluctuating oil prices.
Additionally, with the heating demand forecasted to dominate across regions, producers should optimize their output to align with the expected increase in demand for natural gas during the colder months.
The heating demand outlook is moderate, with significant heating degree days (HDD) expected across all regions, particularly in the Midwest with 29.5 HDD. This may lead to potential cost fluctuations as demand rises. Consumers should prepare for potential supply reliability risks, especially if the weather forecasts shift towards colder conditions.
Given the current market sentiment and the price forecast indicating a potential decline, it may be prudent for consumers to consider procurement strategies that take advantage of lower prices while ensuring adequate supply during peak demand periods.
The energy market is currently characterized by a neutral technical outlook and a mixed sentiment landscape. The fundamental balance indicates a slight oversupply, with a ratio of 1.031 suggesting a need for careful monitoring of supply/demand dynamics.
The weather outlook, which favors heating demand, combined with the bearish sentiment surrounding crude oil, points to a complex interplay of factors that could shift market dynamics. Analysts should focus on the implications of the ML price forecasts and news sentiment to gauge potential market movements and provide actionable insights for stakeholders.