Natural Gas Price Forecast – May 5, 2026
Natural gas has moved higher, completing a full margin cycle to the upside. Price is now pausing at the current level, which also aligns with a resistance area around the 3.00 strike.
For now, the key is to wait for a breakout of this level.
If the level is taken out, the next target would be the 3.10 area, followed by a stronger options level with notable open interest around 3.25.
Latest news:
ECB President calls for Europe to reduce dependence on energy imports
The European Central Bank, led by Christine Lagarde, has urged the region to accelerate efforts to reduce reliance on energy imports amid rising prices driven by the conflict in Ukraine. Lagarde also emphasized the need to cut back on fossil fuel usage.
