Gas futures prices analysts noted gas futures prices

Analysts noted gas futures prices rebounded from last week’s dip, driven by updated weather models predicting below-average temperatures into early February. The front-month contract gained 1.8%, suggesting fund managers are repositioning for a short-term rally. The technical chart shows resistance at $2.80, a critical level for trend confirmation. Dynex Capital (DX) is another mREIT, this one dealing in agency mortgage-backed securities (MBSs), which are issued by government-sponsored enterprises such as Freddie Mac, Fannie Mae, and Ginnie Mae. They’re generally considered “safer” than non-agency mortgages, but they also generally pay lower rates. Mortgage REITs counter this with a hefty dose of leverage. With winter still on the distant horizon and supply elevated, natural gas futures continue to search for direction. Technical factors also established a band for prompt month trading. Traders saw gas futures prices push higher after European LNG terminal data showed rising U.S. cargo bookings. February NYMEX gas settled at $2.76, with speculative buying adding momentum. Seasonal demand patterns remain supportive for the next 2–3 weeks.