According to our analysis natural gas moved 27 ticks on DOE Natural Gas Storage Report data on 3 April 2025.
Natural gas (27 ticks)
Charts are exported from JForex (Dukascopy).
Weekly Natural Gas Storage Report: Bearish Signal as Storage Builds, Prices Slip
Published April 5, 2025
Natural Gas Slips as Storage Climbs—Is a Bearish Trend Setting In?
Traders keeping a close eye on the EIA's Weekly Natural Gas Storage Report just got a fresh signal—and it’s leaning bearish.
For the week ending March 28, 2025, working gas in storage across the Lower 48 increased by 29 Bcf, bringing total inventories to 1,773 Bcf. This marks a steady build from the prior week’s 1,744 Bcf and sends a clear message: demand isn’t outpacing supply just yet.
The market reacted accordingly—natural gas futures slid 27 ticks on the report release. With warmer spring temps starting to roll in and injection season underway, traders are now weighing the potential for additional downside in the weeks ahead.
Key Takeaways from the Report:
Total Storage: 1,773 Bcf (+29 Bcf week-over-week)
Year-over-Year Deficit: -491 Bcf vs. March 28, 2024
5-Year Average Gap: -80 Bcf
Regions Seeing Gains:
South Central led with a 33 Bcf build
Pacific and Mountain regions also saw increases
Declines Noted:
East (-14 Bcf) and Midwest (-3 Bcf) showed drawdowns, but not enough to offset overall builds
What This Means for Traders:
Despite inventories still being below the 5-year average, the consistent builds—and especially the strength from the South Central region—are signaling a pivot from withdrawal season into a more storage-heavy pattern. That’s typically bearish unless unexpected weather shifts or LNG exports shake up demand.
The fact that natural gas dropped 27 ticks post-release reinforces that sentiment. Traders are likely seeing this as confirmation that supply is adequate for now.
Price Action & Market Outlook:
This 27-tick drop could be the start of a broader move if upcoming reports show continued builds. With total stocks still within the 5-year historical range, the downside may have room to run unless production slows or cooling demand picks up unexpectedly.
Watchlist for Next Week:
April 10, 2025: Next storage report
Weather forecasts—any late-season cold could shift the tone
LNG export data—still a wild card for demand strength
Source: https://ir.eia.gov/ngs/ngs.html
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