Natural Gas Futures Rally Capped by Technical Barriers

Bullish weather forecasts fail to push prices past key resistance levels

Published on Feb. 23, 2026

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March natural gas futures are testing key resistance levels despite bullish weather forecasts, according to a senior natural gas reporter at NGI. Analysts warn of increased volatility as the April contract becomes the prompt contract.

Why it matters

The natural gas market is closely watched as it plays a crucial role in energy production and heating for homes and businesses. Technical barriers to price increases could impact the broader energy landscape and consumer costs.

The details

Jodi Shafto, a senior natural gas reporter at NGI, noted that March natural gas futures are struggling to break through key technical resistance levels despite bullish weather forecasts. Analysts caution that increased volatility may occur as the April contract becomes the prompt contract in the coming weeks.

  • March natural gas futures are the current prompt contract.
  • The April contract will soon become the prompt contract.

The players

Jodi Shafto

A senior natural gas reporter at NGI with over 15 years of experience covering US energy markets.

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What they’re saying

“March natural gas futures are testing key resistance despite bullish weather forecasts.”

— Jodi Shafto, Senior Natural Gas Reporter (NGI)

The takeaway

The natural gas market's ability to overcome technical barriers will be crucial in determining the impact on energy prices and the broader economy in the coming weeks.