MA(9): $3.53
MA(20): $3.34
MACD: 0.1677
Signal: 0.0933
Days since crossover: 9
Value: 72.96
Category: OVERBOUGHT
Current: 231,308
Avg (20d): 171,993
Ratio: 1.34
%K: 96.76
%D: 86.04
ADX: 21.49
+DI: 40.72
-DI: 14.37
Value: -3.24
Upper: 3.92
Middle: 3.34
Lower: 2.77
| Category | Current (BCFD) | Last Week | Last Year | 3 Yr Avg |
|---|---|---|---|---|
| Dry Production | 105.1 | 104.6 | 101.5 | 100.87 |
| LNG Imports | 0.0 | 0.0 | 0.1 | 0.17 |
| Canadian Imports | 5.7 | 5.6 | 6.4 | 5.8 |
| Total Supply | 110.8 | 110.2 | 108.0 | 106.87 |
| Industrial Demand | 23.9 | 23.4 | 22.9 | 23.03 |
| Electric Power Demand | 34.0 | 31.7 | 34.2 | 32.37 |
| Residential & Commercial | 19.3 | 20.4 | 16.0 | 17.6 |
| LNG Exports | 17.0 | 16.9 | 13.7 | 13.13 |
| Mexico Exports | 6.5 | 6.4 | 6.3 | 6.1 |
| Pipeline Fuel | 6.8 | 6.8 | 6.7 | 6.83 |
| Total Demand | 107.5 | 105.6 | 99.7 | 99.0 |
| Supply/Demand Balance | 3.3 | 4.6 | 8.3 | 7.87 |
TTF prices decreased to 10.900 EUR/MWh (-0.016). JKM prices decreased to 11.130 USD/MMBtu (-0.085). JKM is trading at a premium of 0.230 to TTF, indicating strong Asian demand.
Front month: NOV 25
As of 2025-10-31
Front month: DEC 25
As of 2025-10-31
JKM is trading at a premium to TTF, indicating strong Asian demand.
As of 2025-10-31
| Month | Price (EUR/MWh) |
|---|---|
| NOV 25 | 10.900 |
| DEC 25 | 10.648 |
| JAN 26 | 10.750 |
| FEB 26 | 10.789 |
| MAR 26 | 10.670 |
| APR 26 | 10.295 |
| MAY 26 | 10.178 |
| JUN 26 | 10.194 |
| JUL 26 | 10.218 |
| AUG 26 | 10.276 |
| SEP 26 | 10.370 |
| OCT 26 | 10.466 |
| Month | Price (USD/MMBtu) |
|---|---|
| DEC 25 | 11.130 |
| JAN 26 | 11.065 |
| FEB 26 | 10.980 |
| MAR 26 | 10.665 |
| APR 26 | 10.180 |
| MAY 26 | 10.130 |
| JUN 26 | 10.295 |
| JUL 26 | 10.415 |
| AUG 26 | 10.575 |
| SEP 26 | 10.630 |
| OCT 26 | 10.635 |
| NOV 26 | 10.875 |
| Date | Prediction | Lower Bound | Upper Bound |
|---|---|---|---|
| 2025-10-31 | $3.89 | $3.55 | $4.23 |
| 2025-11-01 | $3.89 | $3.55 | $4.23 |
| 2025-11-02 | $3.92 | $3.58 | $4.26 |
| 2025-11-03 | $3.92 | $3.58 | $4.26 |
| 2025-11-04 | $3.87 | $3.53 | $4.21 |
Current market data indicates a neutral technical interpretation with a Fibonacci support level at 3.83 and resistance at 4.16. Traders should be cautious as the ML price forecast indicates a potential decline of 1.66% within the range of 3.55 to 4.23. This presents both opportunities for short-term trades and risks of volatility in the near term.
The fundamental balance stands at 3.30 BCFD with a slight decrease of -4.10, indicating a stable supply environment. However, the market sentiment is mixed with a positive outlook for natural gas (+0.600) while crude oil sentiment is (-0.400). Producers may need to adjust their hedging strategies accordingly to mitigate risks associated with fluctuating demand and geopolitical uncertainties.
With moderate heating demand expected due to recent weather forecasts, consumers should prepare for potential cost fluctuations. The fundamental balance suggests a stable supply, yet the negative sentiment in crude oil could impact overall energy prices. It may be prudent for consumers to consider procurement strategies that hedge against price volatility in the upcoming months.
The market presents a neutral sentiment overall, with specific bullish signals for natural gas amid a bearish outlook for crude oil. The weather outlook favors heating demand, particularly in the Northeast and Midwest regions, which could influence short-term price movements. Analysts should focus on the driving factors such as geopolitical risks and supply dynamics to anticipate potential market shifts.