Natural gas continues to hold above the $3.30 level following its recent pullback, showing resilience despite reports of progress in negotiations between the United States and Iran. While preliminary agreements have reduced part of the geopolitical risk premium and eased concerns over potential disruptions in the Strait of Hormuz, market participants remain focused on the pace of LNG supply normalization from Qatar and ongoing logistical challenges.
A full return of the global gas market to pre-crisis conditions could still take several months.
Fundamental backdrop remains moderately bullish
Prices continue to be supported by seasonal growth in U.S. power demand, increased gas consumption for cooling during the summer months, and robust U.S. LNG export volumes. According to the EIA, natural gas demand is expected to remain stable through the second half of the year, while Henry Hub prices continue to trade near multi-month highs. Additional support comes from the lingering impact of earlier LNG supply disruptions, which temporarily affected up to 20% of global LNG availability.
What the chart suggests
On the 4-hour timeframe, natural gas remains firmly above its key moving averages, while the sequence of higher highs and higher lows remains intact. Prices have once again approached the $3.38–3.40 resistance zone, an area that has repeatedly capped upside attempts in recent weeks. A decisive breakout above this range could pave the way toward $3.50 and potentially the spring highs near $3.65. Meanwhile, immediate support has shifted higher to the $3.20–3.25 area, where short-term moving averages converge and recent buying interest has emerged.
Key scenario
As long as prices remain above $3.20, the near-term advantage remains with the bulls. The current technical structure appears significantly stronger than it was at the beginning of June, with the market continuing to form higher lows and preparing for another attempt to break out of its consolidation range. However, a sustained move above $3.40 is needed to confirm a fresh bullish impulse. Otherwise, natural gas is likely to remain trapped within the $3.20–3.40 range, with volatility continuing to be driven by LNG supply developments and Middle East-related headlines, as discussed previously in Natural gas maintains upward bias amid supply risks and seasonal demand.
Latest Natural Gas News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
