Natural Gas Futures Plunge to 18-Month Low

Energy markets broadly maintain a "war premium," but the Henry Hub benchmark struggles to respond due to decreased US demand from warmer temperatures and consistently strong production, according to Gelber & Associates. Early storage injections have already proven robust, and the market anticipates another spring build significantly larger than normal for this period.

This sustained pressure on the front of the curve reinforces the $3 area as a formidable resistance level for traders.