Natural gas prices closed the week mixed, ranging from $2.91 to $3.06, influenced by EIA drawdown, geopolitical events, and weather patterns. The market is expected to remain range-bound between $2.85 and $3.20. #natgas
BREAKING: In a stunning moment, Republican Randy Fine just exposed Republican Senate Leader John Thune for getting an escort to skip through lines at the airport. Thune and Fine are both responsible for TSA not being funded and the rest of America having long security lines. Wow.
@rblwhite We're getting a cold snap tomorrow but the market is not freely falling despite the warm shoulder season setup and diplomatic "pause" headlines because physical molecules are winning the argument over narratives.
@BabyGotGas The natural gas market has been range bound between $2.80 and $3.25, with bullish and bearish forces canceling each other out. Sitting at the lower end of the range with rsi closer to oversold.
Natural gas futures rose 1.6% to 2.96 after the EIA reported a 54 Bcf drawdown, exceeding the 46 Bcf consensus. The market sentiment is slightly bullish, with a 59.4% chance of price increase tomorrow due to technical indicators, weather, and geopolitical factors. #natgas
EIA #NATGAS REPORT
• My projection for today's EIA report is below the market consensus – meaning that I expect a larger draw relative to the market expectations – which implies a possibility for a “bullish surprise”. However, any surprise is possible.
• Reuters survey: -44 bcf
• Bluegold Trader: -46 bcf (South Central: -1 bcf)
• LSEG: -39 bcf
• Gelber & Associates: -55 bcf
• Ritterbusch Associates: -52 bcf
• DTN: -44 bcf
• NGI: -43 bcf
@GDXTrader COT has been bearish for a while. US natural gas markets remain loose while global ex-US markets face acute tightness from LNG supply losses. Better to stay neutral and look for an edge.
@ShaleAnalytics I thought that for Nat Gas 2 weeks ago, but price is a true reflection of peoples true views, and action, and its been bearish since end of Jan here.
$WTI
$WTI gave us a bearish engulfing candle on Monday, but without confirmation follow through. $WTI is pausing rather than immediate continuation.
Yesterday’s inside range spinning top at the lows reflects that slowdown, selling pressure has stalled, but there’s also been no meaningful buyer response, which is not constructive for a reversal to the upside.
Today’s doji forming within that same range adds to the compression and is beginning to shape a bearish pennant, highlighting a lack of bullish conviction and suggesting this is consolidation within a pullback rather than a bottoming process.
Bullls are not stepping in with strength to negate Monday’s move, while sellers are holding their ground and allowing price to coil.
With the MACD crossing below its signal line, momentum is starting to tilt bearish, and a break of this week’s candle lows would likely trigger further downside and a deeper retracement.
At this stage, there’s no edge on the long side with weakening momentum.
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#CL#CRUDE#CRUDEOIL#ENERGY $AR $BNO $BP $BRENT $CHK $COP $CVX #WTI $DBO $DRIP $ET $FENY $IEO $OIL $OILK $OIH $OXY $PBR $PR $RIG $RRC $SCO $SLB $SWN $UCO $UGA $USL $USO $USOIL $VDE $WTI $XOM.
@merlinscapital@ZmansEnrgyBrain Tehran continues to publicly reject ceasefire talks, negotiations, or any short-term pause. They want a bigger, more permanent settlement. Your headline dramatizes it for trading impact.
Natural Gas Market Update: Trump’s “Very Big Present” from Iran Sparks Fresh De-escalation Selloff Ahead of EIA. Oil and natural gas prices dropped sharply due to eased geopolitical fears following Trump’s statement on Iran. #natgas
The fragile geopolitical situation in the natural gas market is due to a temporary pause on Iranian energy strikes. The upcoming EIA storage report on Thursday could trigger a price increase and short squeeze if the bullish -43 Bcf withdrawal is realized. #natgas
Trump's 5-day pause + ECMWF warmth shift + confirmed injection season are overwhelming the structural LNG premium. Downward bias to $2.78–$2.90 range likely if next EIA hits high end of consensus. #natgas
Natural Gas Trading System is currently flat due to the absence of a quantifiable technical setup, despite a multi-year supply shock. The system prioritizes technical indicators and volatility levels over macro factors, and is currently cautious with no strong directional bias. #natgas
Qatar’s multi-year LNG crisis creates a geopolitical premium, but near-term domestic fundamentals dominate the market. The market is expected to experience a downward bias with a firm LNG-supported floor until weather conditions change or geopolitical tensions escalate. #natgas
Analysts warn of high risks, including casualties and a wider war, as the LNG market remains tight due to the Strait of Hormuz situation and Qatar’s export cut. A critical support break to $3.06, a new daily low, and multi-timeframe SELL confirmation warns of a potential SHORT signal. #natgas