Natural Gas closes at 2-year high...

In this edition of Bullfinder AI Insights, we take a look at recent developments in the Natural Gas market and what may be in-store for this commodity over the coming year…

Recent Price Developments - Natural Gas:

During the 2024 calendar year, Natural Gas futures bounced between a price range of $1.522 and $3.16, before experiencing a stellar run heading into 2025.

Natural Gas price currently sits at $3.989, up 80% since October 2024.

Bullfinder AI Tech - Momentum Reading

As previously mentioned, our Tech & Team have been monitoring the Natural Gas market quite closely over the past few months.

We are pleased to advise our Tech has provided an update to the current momentum rating for Natural Gas, now noting momentum as ‘Bullish’.

This is of course a guide for informational purposes only, should be considered with caution and is subject to change.

The Team’s Price Guide - Natural Gas

Although our Tech may have rated the current momentum of Natural Gas as ‘Bullish’, we do find it worthwhile to consider the parameters that may warrant a change in rating.

The Team would like to note the $3.000 mark as a crucial price point, below which significant Bearish risk may come into play.

Likewise, if price can hold above this price point, bullish continuation may be possible.

Why the Recent moves in Natural Gas price?

• Friday’s forecasts predicting colder than expected US weather

• US gas storage withdrawals on their way to hitting record high in Jan

• Weather predicted to worsen, with cooler temperatures over coming weeks

Gas Storage Surplus dwindling

Analysts suspect Natural Gas withdrawals could top all-time records in January, which would wipe out the current surplus of gas in storage. The current surplus currently sits at 7% above the 5-year average.

Should this be the case, it’ll be the first time stockpiles have fallen below the 5-year average since early 2022.

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