--- title: "Natural Gas Prices Face More Selling Pressure as Temperatures Rise" type: "News" locale: "en" url: "https://longbridge.com/en/news/276277351.md" description: "Natural gas futures are under selling pressure as warm weather is expected to persist through February, leading to a drop in prices. On February 18, prices fell to an intraday low of 2.922, marking a 30% decline since January. The warm temperatures are likely to reverse recent inventory withdrawals, with stock levels dropping below the five-year average. The market anticipates a slowdown in withdrawals as the heating season ends, and a significant cold snap is needed to sustain demand. Technical indicators suggest further downside potential for natural gas prices." datetime: "2026-02-18T21:57:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276277351.md) - [en](https://longbridge.com/en/news/276277351.md) - [zh-HK](https://longbridge.com/zh-HK/news/276277351.md) --- # Natural Gas Prices Face More Selling Pressure as Temperatures Rise - Natural gas futures dropped on Wednesday as traders expect warm weather throughout the rest of February. - Winter heating season is ending, putting downward pressure on prices. - Technical posture for natural gas prices points to more potential downside. ## **Natural gas prices drop as warm weather outlook weighs on sentiment** Natural gas futures (/NGH6) were nearly unchanged through afternoon trading on Wednesday, February 18. Earlier in the day, prices fell to an intraday low of 2.922. That put prices at the lowest level since January 20, and down over 30% since their January high. Traders are selling natural gas as warmer-than-average weather blankets much of the Midwest and East Coast, where demand for the commodity is concentrated. The high temperatures are expected to continue through the rest of the month and expand into the Southern and Western United States. The resulting warm weather over the next several weeks will likely reverse the inventory withdrawals we’ve seen recently. We saw a 249 billion cubic foot (Bcf) withdrawal from inventory in the Energy Information Administration’s latest report released last Thursday. That brought stock levels below the five-year average of 2,344 Bcf. The week before (for the week ending January 30), we saw an even bigger 360 Bcf withdrawal, which was the largest on record. The large inventory draws we’ve seen over the preceding two weeks are likely to reverse course. The market is already reflecting that. So, now we must try to predict where the natural gas market can go next. But time is running out for another large withdrawal in natural gas inventories. The withdrawal season typically ends once April starts, when milder temperatures reduce heating demand. That said, we’ll need a late season cold snap, and likely one that is severe, because inventories will undoubtedly slow and may even build over the coming weeks. ## **Natural gas technical outlook** Natural gas prices have moved lower alongside downward trending exponential moving averages (EMAs), particularly the 9-day EMA. Support from the December swing low at 3.007 gave way on Tuesday, removing a potential barrier for bears. The January swing low 2.578 is in focus after the 3 psychological level was breached in yesterday’s session as well. A technical bounce may face resistance from the EMAs, but a fundamental shift is likely required over the short term to sustain any technical momentum. ### Related Stocks - [159588.CN](https://longbridge.com/en/quote/159588.CN.md) - [002267.CN](https://longbridge.com/en/quote/002267.CN.md) - [603689.CN](https://longbridge.com/en/quote/603689.CN.md) ## Related News & Research - [Forecasts for Hot US Temps Push Nat-Gas Prices Higher](https://longbridge.com/en/news/286810589.md) - [Nat-Gas Prices Climb on Forecasts for Warm US Temps](https://longbridge.com/en/news/286603972.md) - [What soaring gas prices mean for Texas and how long it could take for costs to come down](https://longbridge.com/en/news/286892100.md) - [US natgas prices dip ahead of storage report as LNG plant flows slide to 15-week low](https://longbridge.com/en/news/286427244.md) - [Seasonal maintenance lifts US natural gas prices to 8-week high](https://longbridge.com/en/news/286980119.md)