NYMEX natural gas futures for April rose overnight as the market awaited signals that producers will respond to the need to increase production amid a tight balance between supply and demand.
April futures rose 3.1 cents to $4.522/million British thermal units as of 8:45 a.m. ET. April futures were in a range of $4.020-$4.574 ahead of Tuesday’s opening after a rocket rally late on Sunday as “a large number of stops were executed.”
Robert Yauger, director of energy futures at Mizuho Securities in the United States, noted that “natural gas storage was slipping rapidly and in January it went from surplus to deficit from last year and the five-year average for the first time in more than two years.”
Natural Gas Price Forecast
Natural gas is oscillating at $4.47, down 0.07%, but still above the key support level at $4.42 – a level that could make progress or break short-term momentum. The 50-day EMA at $4.38 indicates that the bulls are still in the game, while the 200-day EMA at $4.08 indicates a longer-term uptrend.
If prices exceed $4.68, we could see a test of $4.90, but failure to maintain $4.42 could lead to a slide towards $4.18 and possibly $3.96. At the moment, natural gas looks bullish above $4.42, but a breakout below that could quickly tip the trend. However, Brent is still trading below the 50-day EMA at $70.13, suggesting that bullish momentum remains weak. The IGUA Secretariat is based in London, United Kingdom. The International Gas Union was founded in 1931.
The role of natural gas in energy security and sustainability
Yesterday, March 10, 2025, the International Gas Federation (IGU) and the American Chamber of Commerce hosted the third annual Energy Security Forum (CERAWeek), with Group of Seven delegates and executives from the global gas industry attending.
This forum allowed G7 delegates to connect directly with a select group of senior industry executives on the unique and vital role of gas in contributing to affordable energy security and sustainability. At the conclusion of the Forum, the International Gas Union (IGU) and the American Chamber of Commerce presented a joint letter to representatives of the Group of Seven governments (attached).
The International Gas Association (IGAS) is the spokesperson for the global gas industry, with members in more than 80 countries, covering more than 90% of the global gas market across every segment of the value chain, from the supply of natural gas, decarburization, renewable gas and hydrogen, to its transportation and distribution, all the way to the point of use.
Mr. Menelaos (Mill) Yedros of the International Gas Union (IGAS), appreciated the opportunity to discuss the essential role of gas in human progress and global growth, and stressed that “the Group of Seven countries play an important role in promoting policies aimed at achieving energy security, affordability and sustainability goals by ensuring that this dilemma remains balanced and removing barriers to investment in energy supply and infrastructure.
The International Gas Union (IGAS) organizes the world’s leading gas events, including the World Gas Congress (WGC2025), the International LNG Conference and Exhibition (LNG2026), and the International Gas Research Conference Series (IGRC2027).
International Gas Association also publishes the leading annual reports of the global gas industry: the Wholesale Gas Price Survey, the World LNG Report, and the World Gas Report.
The International Gas Union (IGAS) is a non-profit membership organization, Switzerland.
Oil prices fall amid natural gas volatility fears
Crude oil prices continued to decline for the second consecutive day, as geopolitical tensions and economic concerns weighed on market sentiment. Brent crude is hovering near $70 a barrel, a crucial support level, while WTI remains under pressure amid fears of a possible U.S. recession and slowing global demand.
The latest decline comes on the heels of increased tariff disputes and supply adjustments by OPEC+, which plans to increase output from April but remains resilient to market shifts. Meanwhile, U.S. crude inventories are expected to rise last week, reinforcing demand concerns. As uncertainty approaches, traders expect volatility in oil and natural gas markets.
USOIL is holding on to $65.98, a modest rise of 0.08%, but the real battle unfolds around the fulcrum of $65.43. Staying above this level keeps the bullish state alive, while the breakdown could invite sellers to push prices towards $64.39 or even $63.24.
On the flip side, there is immediate resistance at $66.82, with a larger test at $68.20, near the 200-day EMA at $68.94. The 50-day EMA at $66.83 also acts as a key barrier, boosting near-term resistance.
If buyers step in and oil surpasses $66.82, we could see an upward push. But if $65.43 fails, expect stronger downward pressure.
Brent crude price forecast
Brent crude (UKOIL) settles at $69.30, up 0.07%, but is not out of the woods yet. The pivot point at $68.57 is the key level that separates bullish momentum from potential downside risks. As long as prices remain above this mark, buyers have a chance to test $69.97, with an even greater challenge at $71.41.
