European benchmark gas prices extended their pullback on Monday, with Dutch TTF contracts sliding more than 5% to a five-week low as forecasts for milder weather offset worries about rapidly declining storage levels. The move was reinforced by weakness in U.S. benchmark contracts, pressuring Natural Gas and prompting some investors to reassess near-term supply risk premia.
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Over the past month, Natural Gas has still gained about 15.9%, reflecting earlier cold-weather risk and storage concerns, but the latest daily technical signal points to a cautious Sell stance. In contrast, Oil – US Crude is up roughly 5.8% for the month, supported by broader energy demand and supply dynamics, and its 1-day technical outlook currently screens as Buy rather than tracking gas’s recent retreat.
Investors can explore more updates, prices, and analysis across global markets at Commodities.