MA(9): $3.62
MA(20): $3.39
MACD: 0.2146
Signal: 0.1177
Days since crossover: 10
Value: 75.05
Category: OVERBOUGHT
Current: 3,575
Avg (20d): 166,639
Ratio: 0.02
%K: 99.71
%D: 95.78
ADX: 23.6
+DI: 42.35
-DI: 13.7
Value: -0.29
Upper: 4.09
Middle: 3.39
Lower: 2.69
| 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 2025-11-03
Front month: DEC 25
As of 2025-11-03
JKM is trading at a premium to TTF, indicating strong Asian demand.
As of 2025-11-03
| 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 |
|---|---|---|---|
| 2025-11-04 | $4.28 | $3.94 | $4.62 |
| 2025-11-05 | $4.3 | $3.96 | $4.64 |
| 2025-11-06 | $4.26 | $3.92 | $4.6 |
| 2025-11-07 | $4.26 | $3.91 | $4.6 |
| 2025-11-08 | $4.25 | $3.9 | $4.59 |
Current market conditions are neutral with a technical score of 0/5. Key Fibonacci support is at 3.91 and resistance at 4.26. The ML price forecast indicates a potential uptick of 0.36%, with a range between 3.94 and 4.62. Traders should watch for short-term volatility, particularly as the market sentiment remains bullish, driven by strong heating demand across regions, especially in the Northeast and Midwest.
With a fundamental balance of 3.30 BCFD and a slight decrease of -4.10, producers may need to adjust production plans accordingly. The bearish sentiment from supply-related news may impact pricing strategies, especially with OPEC+ production decisions influencing crude prices. Producers should consider hedging strategies to mitigate potential price fluctuations and leverage the bullish sentiment in natural gas markets to optimize output.
Heating demand is expected to be high, particularly in the Northeast and Midwest, which may lead to increased costs for consumers. As the weather outlook indicates a strong heating demand with high HDD values, consumers should prepare for potential cost fluctuations. The bullish sentiment in natural gas could indicate rising prices, suggesting that consumers may need to consider procurement strategies or hedging to manage expenses effectively.
The market currently presents a mixed picture with a neutral technical stance and a bullish sentiment overall. Key drivers include strong heating demand due to weather forecasts and geopolitical risks affecting crude oil prices. Analysts should focus on the fundamental balance and the ML price forecast as indicators of potential shifts in market dynamics, especially in response to OPEC+ production strategies and regional demand fluctuations.