PJM Interconnection has taken the unusual step of locking in purchases of electricity from gas-fired power plants through January 31, rather than buying power day by day, to reinforce reliability during a severe cold spell across large parts of the United States. The move is expected to encourage generators to secure fuel for longer periods, supporting stable output from natural gas units and potentially tightening regional demand for Natural Gas, as grid operators seek to avoid supply disruptions and price volatility seen in prior extreme-weather events.
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Over the past month, benchmark U.S. natural gas futures have climbed about 27.41%, reflecting heightened weather-driven demand expectations and concerns over supply logistics during the cold wave. From a short-term trading perspective, the 1-day technical analysis for CM:NG currently flashes a Buy signal, indicating that momentum and technical indicators lean bullish in the near term, though price sensitivity to further weather and grid reliability headlines is likely to remain elevated. Investors can explore more updates, prices, and analysis across global markets at Commodities.