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April Natural Gas Futures Bounce Along Technical Support Near $4

Natural Gas Intelligence · last updated

Natural gas futures have found technical support near $4/MMBtu after trading lower over the past week, but they could soon face downward pressure from the rapid approach of spring and onset of milder weather.

Chart depicting the daily Henry Hub natural gas prices with trends and analytics from the NGI Natural Gas Index, showcasing pricing data and energy market trends in the US.

The April New York Mercantile Exchange (Nymex) contract bounced off technical support near $3.96 on Thursday and Friday, aided by cooler weather model runs and record feed gas flows to the Plaquemines LNG terminal in Louisiana, according to EBW Analytics Group senior analyst Eli Rubin.

On Monday, the prompt month settled down 8.6 cents at $4.018, with a posted intraday range of $3.977 to $4.218.

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