MA(9): $3.83
MA(20): $3.48
MACD: 0.2809
Signal: 0.1725
Days since crossover: 12
Value: 74.13
Category: OVERBOUGHT
Current: 5,326
Avg (20d): 154,644
Ratio: 0.03
%K: 93.35
%D: 95.85
ADX: 27.99
+DI: 41.13
-DI: 11.94
Value: -6.65
Upper: 4.38
Middle: 3.48
Lower: 2.58
| 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 increased to 10.929 EUR/MWh (+0.218). JKM prices increased to 11.190 USD/MMBtu (+0.040). JKM is trading at a premium of 0.261 to TTF, indicating strong Asian demand.
Front month: DEC 25
As of 2025-11-05
Front month: DEC 25
As of 2025-11-05
JKM is trading at a premium to TTF, indicating strong Asian demand.
As of 2025-11-05
| Month | Price (EUR/MWh) |
|---|---|
| DEC 25 | 10.929 |
| JAN 26 | 11.053 |
| FEB 26 | 11.065 |
| MAR 26 | 10.936 |
| APR 26 | 10.505 |
| MAY 26 | 10.384 |
| JUN 26 | 10.396 |
| JUL 26 | 10.429 |
| AUG 26 | 10.476 |
| SEP 26 | 10.550 |
| OCT 26 | 10.619 |
| NOV 26 | 10.842 |
| Month | Price (USD/MMBtu) |
|---|---|
| DEC 25 | 11.190 |
| JAN 26 | 11.380 |
| FEB 26 | 11.260 |
| MAR 26 | 10.895 |
| APR 26 | 10.320 |
| MAY 26 | 10.280 |
| JUN 26 | 10.430 |
| JUL 26 | 10.520 |
| AUG 26 | 10.695 |
| SEP 26 | 10.745 |
| OCT 26 | 10.725 |
| NOV 26 | 10.895 |
| Date | Prediction | Lower Bound | Upper Bound |
|---|---|---|---|
| 2025-11-06 | $4.21 | $3.86 | $4.55 |
| 2025-11-07 | $4.2 | $3.85 | $4.55 |
| 2025-11-08 | $4.18 | $3.84 | $4.53 |
| 2025-11-09 | $4.18 | $3.83 | $4.52 |
| 2025-11-10 | $4.19 | $3.84 | $4.53 |
The market outlook is bearish with an overall sentiment score of -0.500. The technical indicators suggest a support level at 4.02 and a resistance level at 4.4. Traders should be cautious of the volatility indicated by the ML price forecast predicting a downward movement of 0.61% within a range of 3.86 to 4.55. Short-term opportunities may arise if prices approach the support level, but the bearish sentiment indicates risks of further declines.
The current market sentiment is bearish, particularly for natural gas with a sentiment score of -0.400. The fundamental balance indicates a decrease in demand at 3.30 BCFD, which poses challenges for production planning. Producers should consider adjusting their output levels and explore hedging strategies to mitigate risks associated with potential price declines. Additionally, the news sentiment surrounding increased US production may further pressure prices.
Consumers should prepare for potential cost fluctuations as the market sentiment remains bearish. The moderate heating demand, as indicated by the weather outlook, suggests that supply may remain stable, but with a fundamental balance of 3.30 BCFD, there could be risks of supply disruptions. Procurement strategies should be reviewed to ensure reliability, especially as the forecast predicts low cooling demand, which may impact pricing dynamics in the upcoming months.
The current market picture is characterized by a bearish sentiment with a score of -0.500. Key driving factors include a fundamental balance that has decreased significantly, coupled with a weather outlook favoring heating demand. The combination of increased production and mixed weather forecasts suggests a potential shift in market dynamics. Analysts should monitor these factors closely for any shifts in sentiment that could indicate a turnaround in pricing trends.