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Natural Gas Takes a Breather: Why the 21% Weekly Drop Could Be Your Entry Point

Natural Gas Takes a Breather: Why the 21% Weekly Drop Could Be Your Entry Point

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This is your Daily Natural Gas Price Tracker with Vanessa Clark podcast.

Hey friends, welcome back to Daily Natural Gas Price Tracker with Vanessa Clark. Im Vanessa, and today were diving into the latest on natural gas prices, market moves, and what it all means for you.

Right now, the front-month NYMEX natural gas for March delivery settled at 3.422 dollars per million British thermal units after a sharp weekly drop of 21.41 percent. Thats down from highs around 7.46 dollars earlier this year, but hold on, March futures closed higher yesterday at 3.509 dollars amid some intraday swings. The Energy Information Administration reports a massive 360 billion cubic feet withdrawal from storage last week, below expectations but creating a 27 billion cubic feet deficit versus the five-year average. Reserves are dwindling after a warm stretch, with high LNG exports keeping demand strong even as warmer weather looms in parts of the US.

Technically, natural gas is testing support near 4.071 dollars after breaking out of a descending channel, with moving averages signaling upside potential toward 5.19 dollars or higher if bulls stay in control. Broader trends show natural gas decoupling from oil, fueled by LNG growth to Asia and Europe, plus surging power needs from AI data centers. Geopolitical shifts, like US moves in Venezuela and tensions with Iran and Russia, add volatility but boost US export appeal.

For you at home, this dip could be a buying moment if youre hedging energy costs or eyeing investments, especially with forecasts hinting at a rebound next week. Keep an eye on weather and inventory reports they drive the action.

Thanks for tuning in, friends. Hit subscribe, share with a buddy, and catch you next time on Daily Natural Gas Price Tracker!

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