🌡️ The Great Chill or a Deep Freeze? Natural Gas Price Forecast: Why the $3.28 Level is the Ultimate Battleground Next Week
The Natural Gas market (Henry Hub Futures, NG) is caught in a high-stakes tug-of-war. On one side, record-high domestic production and fat storage levels are pushing prices down. On the other, the looming threat of a cold U.S. winter and robust global LNG demand is providing a strong floor. For traders and energy consumers, the coming week hinges on which force will break the stalemate. Our in-depth technical and fundamental analysis suggests the market is currently in a state of Neutral-to-Slightly-Bearish correction , but with high volatility risk centered around one critical technical level: $3.28/MMBtu . Part 1: The Fundamental Battleground—A Surplus Meets Anticipation The current price action is best understood by analyzing the conflicting fundamental drivers—a classic market scenario of supply-side comfort versus forward-looking demand fear . The Bearish Pressure: An Abundance of Supply 🐻 The most significant immediate downward pressure comes from the simple reality of oversu...