Natural Gas Price Forecast & Predictions

November natural gas is testing the $3.146 to $3.087 retracement zone after failing to hold the Thursday pipeline breakout. Sellers have the edge below $3.264. A 55–65 Bcf storage build would be smaller than normal, but production near 112–113 Bcf/d keeps the supply side heavy. Buyers need to reclaim $3.264, then $3.350, to change the short-term picture.

Storage expectations offer buyers a reason to defend the $3.146 to $3.087 retracement zone. A 55–65 Bcf injection would trail both the five-year norm and last year’s build. LNG feedgas near 18.0–18.5 Bcf/d supports the demand baseline. Cooler weather could add to that support, especially if the EIA number lands near the low end of the expected range this week.

Natural gas turns less bearish if buyers reclaim $3.264 and hold above it. A move through $3.350, followed by $3.395, would show the pipeline rally was not just short-covering. An EIA build near 55 Bcf or lower, stronger LNG feedgas, or colder weather would help. A break below $3.087, however, would put $2.896 back in play for sellers this week.