Natural Gas Price Prediction for Next Week

Natural Gas Price Prediction for Next Week (16th - 20th February 2026)

Natural gas prices fell about 8.15% over the week, heading into the long US Presidents’ Day weekend, mainly due to forecasts for warmer-than-normal weather through late February, which is expected to reduce heating demand and slow storage withdrawals. Expectations of softer consumption and improving supply conditions weighed on market sentiment. Data from LSEG showed average gas output in the Lower 48 states rising to 107.8 bcfd in February, up from 106.3 bcfd in January, compared with a 109.7 bcfd record high in December. Demand projections indicated a decline from 141.7 bcfd this week to 123.9 bcfd next week. Storage withdrawals totaled 249 bcf for the week to February 6 after a record 360 bcf draw earlier, significantly above last year’s 111 bcf and the five-year average of 146 bcf. LNG exports remained strong at 18.5 bcfd, near record levels, but persistent warmer weather forecasts may limit demand recovery and cap further price gains.

Natural Gas prices have shown signs of base formation near the major support zone after facing sustained bearish pressure in previous sessions. The contract staged a strong recovery of nearly +8% over the week and closed at 296.9, firmly above all key moving averages 20-50-100-200 DEMA placed at 266.7, 197.8, 154.4, and 132.6, respectively, indicating a clear improvement in the medium- to long-term trend structure and strengthening bullish undertone. Open Interest declined by around 2,700 lots alongside rising prices, suggesting short covering and unwinding of earlier bearish positions. The RSI has moved into the 60–68 zone, reflecting strengthening bullish momentum without entering overbought territory. The RSI continues to trade above its average line, supporting further upside potential. The MACD has shown a positive crossover and remains above the signal line, with a gradually expanding histogram, indicating improving trend strength. Technically, a decisive breakout above the 301 resistance level could open the path towards the 315–332 zone in the near term. As long as prices sustain above the key support and major moving averages, the broader structure is likely to remain constructive.

Overall, Natural Gas appears to be transitioning into a bullish phase following a strong recovery and base formation. The trend is expected to remain positive after a sustained breakout, and traders may look for buy-on-dips opportunities near support levels with a focus on trend continuation.

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Prediction given by Technical Research Team - Choice