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Natural Gas Prices Attempt Bottom as Selling Exhaustion Meets Technical Support

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Published: February 21, 2026

Thermal Demand Capitulation

With weather models predicting above-average temperatures through late February, the heating season is effectively over. The market is now shifting focus to power burn and spring injection levels.

LNG Export Anchor

Feedgas flows to US LNG export terminals remain near record highs. This structural demand is the only major factor preventing a move toward the sub-$2.00 range.