Natural Gas ($GAS) Commodity Forecast: Down 13.2% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its price being influenced by various factors such as weather conditions, supply disruptions, and demand fluctuations.

Why is Natural Gas going down?

GAS commodity is down 13.2% on Jan 27, 2026 17:41

• Natural gas futures experienced a strong bearish movement today, dropping over 7% to $6.27 per MMBtu after a significant rally in the previous sessions.
• Warmer forecasts and the return of some frozen wells to service contributed to the price decline, as well as projections of slightly less severe cold in certain regions.
• Despite the pullback, supply risks remain elevated with ongoing weather-driven supply disruptions and power emergencies being declared in certain regions, highlighting the volatility and sensitivity of the natural gas market to external factors.
• The market will continue to monitor production disruptions and weather patterns closely, as prolonged outages could potentially lead to further price fluctuations in the future.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Ease on Warmer Forecasts

US natural gas futures fell more than 7% to $6.27 per MMBtu after an unprecedented roughly 117% rally over the previous five sessions, as forecasts shifted warmer and some frozen wells returned to service. Commodity Weather Group projected slightly less severe cold in Texas and Louisiana through the end of the month, while Appalachia and the US Northeast remain colder than normal. Output in the Lower 48 was on track to rise to 93.5 bcfd on Tuesday after falling to two-year lows of 92.4-92.5 bcfd over the weekend, following about 50 bcfd of production offline due to frozen wellheads. LNG feedgas is set to recover to 13.7 bcfd after hitting a one-year low of 11.6 bcfd on Monday. PJM Interconnection declared a level-1 emergency for Tuesday, requiring all power plants to be ready at full capacity, and the Energy Department authorized temporary power diversions from large industrial users to protect households and hospitals.

US Natgas Prices Halt Historic Rally

US natural gas futures fell more than 6% to $3.37 per million British thermal units after surging by an unprecedented roughly 117% over the previous five sessions, as traders took profits despite ongoing weather driven supply disruptions. Freezing temperatures continue to sweep across large parts of the US, lifting heating and power demand and straining electricity grids. The winter storm knocked out about 12% of US natural gas production, limiting supplies to power plants and households. Average output in the Lower 48 has fallen to around 106.9 bcfd so far in January from a record 109.7 bcfd in December. Gas flows to US LNG export plants dropped to the lowest level in a year. PJM Interconnection declared a level one emergency, requiring all power plants to be ready to operate at full capacity, and authorities allowed power to be diverted from large industrial users to protect households and hospitals, highlighting that supply risks remain elevated despite the price pullback.

Natural gas is down by 5.08%

Natural gas decreased 5.08% to 6.4545 USD/MMBtu

Natural gas traded above 7 USD/MMBtu

Natural gas rose above 7, according to trading on a contract for difference (CFD).

US Natgas Prices Top $6/MMBtu

US natural gas futures jumped 15% to above $6.0 per MMBtu, the highest since December 2022, extending a weather-driven rally that has gained over 90% since last week as extreme cold hit supply and demand at the same time. The move follows a near 70% surge last week, the biggest weekly advance since records began in 1990. Freezing weather knocked offline close to 10% of US gas production while sharply lifting heating and power demand. Average output in the Lower 48 fell to about 106.9 bcfd so far in January from a record 109.7 bcfd in December, with daily production dropping to a two-year low near 92.6 bcfd on Sunday. Wells in Texas and Louisiana were heavily affected, cutting output by more than 17 bcfd from mid January highs. The storm also strained power grids and disrupted transport, while gas flows to US LNG export plants fell to the lowest level in a year. Markets are now focused on how long production disruptions will last, with prolonged outages risking further upside.

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Natural Gas Price History

26.00.2026 - GAS Commodity was down 5.4%

• Natural gas prices saw a significant pullback today after a series of record-breaking rallies in response to a historic winter storm sweeping across the US.
• The bearish movement could be attributed to traders reassessing their positions and profit-taking after the recent sharp price increases.
• Despite the pullback, the overall trend remains bullish due to the ongoing cold wave, disruptions in supply, and heightened heating demand, indicating potential volatility and further price fluctuations in the near term.

26.00.2026 - GAS Commodity was up 7.3%

• Natural gas prices surged above $7/MMBtu, marking a significant increase driven by a historic winter storm disrupting supply and increasing heating demand.
• The extreme cold weather in the US led to nearly 10% of natural gas production being knocked offline, while heating and power demand soared, pushing prices higher.
• With production disruptions and concerns about ice forming in pipelines, the market is closely monitoring how long these challenges will persist, potentially leading to further upside in prices.
• The rally in natural gas prices, with significant gains over the past week, reflects the impact of weather-related events on supply and demand dynamics, highlighting the volatility of commodity markets in response to external factors.

22.00.2026 - GAS Commodity was up 19.5%

• Natural gas prices surged to multi-year highs due to colder weather forecasts across the US, leading to increased heating demand and potential production losses from freeze offs.
• The Arctic freeze across much of the country, with temperatures expected to run well below normal, has heightened concerns about supply disruptions and storage surplus erasure.
• The redirection of gas flows from LNG export facilities to meet domestic demand further tightened the market, contributing to the bullish momentum in natural gas prices.
• The sustained rally in natural gas prices is a reflection of the market's response to the extreme weather conditions and the potential impact on supply chains and energy infrastructure.

22.00.2026 - GAS Commodity was up 15.6%

• Natural Gas prices surged to historic levels as extreme cold forecasts in the US boosted heating demand expectations and raised supply risks due to potential freeze-offs, leading to a significant increase in prices.
• The deep freeze across two-thirds of the country, with temperatures expected to remain well below normal, is driving residential and commercial consumption to near record levels, further supporting the bullish momentum in Natural Gas prices.
• The sustained rally in Natural Gas prices is also fueled by concerns of production losses from freeze-offs in key regions like Appalachia, Permian, and Haynesville basins, along with the diversion of gas flows from LNG export facilities to meet domestic demand, highlighting the tight supply-demand balance in the market.
• Overall, the surge in Natural Gas prices to multi-year highs is a result of a perfect storm of extreme weather conditions, increased heating demand, potential supply disruptions, and the market's reaction to these factors, creating a bullish sentiment among traders and investors.

20.00.2026 - GAS Commodity was up 5.2%

• Natural gas futures surged over 5% to $3.8 per MMBtu, reaching a three-week high, driven by sharply colder weather forecasts and an expanding polar vortex leading to extreme Arctic cold alerts.
• The shift towards much colder scenarios and expectations of increased heating demand and power generation needs in the US boosted prices, despite elevated production levels and modestly lower LNG export flows.
• The uncertainty over reduced gas flows to LNG export facilities, particularly Freeport LNG in Texas, initially weighed on prices, but signs of recovery in deliveries alleviated some pressure.
• The combination of colder weather outlooks, rising domestic consumption expectations, and potential spot LNG purchases in Asia supported the bullish movement in Natural Gas prices today.

21.00.2026 - GAS Commodity was up 17.5%

• Natural gas prices surged to a 5-week high of $4.32 USD/MMBtu, driven by sharply colder weather forecasts and an expanding polar vortex leading to extreme Arctic cold conditions in the US.
• The bullish movement was further supported by expectations of strong heating demand and higher power generation needs due to the colder-than-normal outlook, prompting grid operators to alert utilities to brace for increased consumption.
• Despite elevated production levels and modestly lower LNG export flows, the combination of rising domestic consumption expectations and potential spot LNG purchases in Asia due to the cold snap supported the global natural gas demand, contributing to the price gains.
• The market movement was also influenced by storage data showing a smaller withdrawal than expected, signaling looser supply-demand conditions, along with fluctuations in LNG export flows and production levels, which added pressure but were offset by recovering LNG feedgas flows.

21.00.2026 - GAS Commodity was up 29.2%

• Natural Gas prices surged over 20% to $4.7 per MMBtu as weather forecasts turned much colder, leading to increased heating demand and potential production losses from freeze offs.
• The colder outlook, with temperatures expected to run significantly below normal across various regions, fueled the rally as traders anticipated a reduction in the storage surplus and potential freeze offs in key production areas.
• The shift towards much colder scenarios, driven by the expansion of the polar vortex, heightened concerns of extreme Arctic cold and winter storms, further supporting the bullish momentum in Natural Gas prices.
• With elevated production levels and modestly lower LNG export flows, the market focused on the increased domestic demand expectations and alerts from grid operators, underpinning the price gains and potentially prompting additional spot LNG purchases globally.

27.00.2026 - GAS Commodity was down 13.2%

• Natural gas futures experienced a strong bearish movement today, dropping over 7% to $6.27 per MMBtu after a significant rally in the previous sessions.
• Warmer forecasts and the return of some frozen wells to service contributed to the price decline, as well as projections of slightly less severe cold in certain regions.
• Despite the pullback, supply risks remain elevated with ongoing weather-driven supply disruptions and power emergencies being declared in certain regions, highlighting the volatility and sensitivity of the natural gas market to external factors.
• The market will continue to monitor production disruptions and weather patterns closely, as prolonged outages could potentially lead to further price fluctuations in the future.

27.00.2026 - GAS Commodity was up 7.1%

• Natural gas futures surged over 17% to above $6 per MMBtu, reaching levels not seen since December 2022, driven by a severe winter storm disrupting supply and boosting heating demand.
• The extreme cold weather knocked offline nearly 10% of US natural gas production, leading to concerns about prolonged production disruptions and further price increases.
• Despite the significant rally, prices pulled back slightly as traders took profits, highlighting the volatility in the market influenced by ongoing weather-driven supply disruptions and elevated supply risks.
• The market remains focused on how long production outages will last, with authorities taking measures to ensure adequate natural gas supplies for residential heating and power generation amidst the frigid conditions.

23.00.2026 - GAS Commodity was down 5.3%

• The bearish movement in Natural Gas prices today can be attributed to profit-taking and traders reassessing their positions after a historic rally driven by extreme weather conditions and supply risks:
• Prices surged to record levels due to forecasts of a severe winter storm and below-normal temperatures, leading to increased heating demand and concerns about production disruptions.
• Despite a significant drawdown in inventories and production declines linked to freeze-offs, the market experienced a pullback as traders adjusted their positions ahead of the anticipated cold snap.
• The sharp increase in prices over the past week, with gains of over 65%, prompted some investors to take profits, causing a temporary retreat in prices despite the ongoing weather-related bullish sentiment.
• Natural Gas prices hitting a 3-year high and experiencing substantial gains in a short period reflect the market's sensitivity to weather forecasts and supply risks, highlighting the volatility and speculative nature of the commodity market.

23.00.2026 - GAS Commodity was down 6.7%

• Natural gas prices experienced a strong bearish movement today, pulling back after a historic surge over the past few days.
• The pullback can be attributed to traders reassessing their positions amidst a record-breaking rally and the potential impact of a developing winter storm on production and exports.
• Despite the pullback, the market remains volatile due to forecasts of below-normal temperatures and increased heating demand, which could lead to further price fluctuations in the coming days.
• The recent surge in natural gas prices to multi-year highs reflects the market's sensitivity to weather patterns and supply risks, highlighting the importance of monitoring weather forecasts and production levels for trading decisions.

26.00.2026 - GAS Commodity was up 5.5%

• Natural gas futures surged over 15% to above $6 per MMBtu, reaching levels not seen since December 2022, as a historic winter storm disrupted supply and sharply boosted heating demand.
• The severe weather conditions knocked offline close to 10% of US gas production, leading to concerns about prolonged production disruptions and potential further upside in prices.
• Gas flows to US LNG export plants fell to the lowest level in a year, highlighting the impact of the weather-driven rally on both domestic consumption and international exports.
• With forecasts projecting below-normal temperatures and increased heating demand, coupled with production challenges due to freezing conditions, the market remains focused on the duration of production outages and the potential for continued price increases.