Natural gas futures news today points to brisk trading in front-month March futures at $2.19 per MMBtu. Technical traders are watching key fib retracement levels for entry cues, with speculative longs increasing in the past 48 hours. There's another kind of energy gridlock at PJM Interconnection, the company that manages the electricity grid in all or parts of 13 states and Washington, D.C. When it comes to Pennsylvania's emphasis on natural gas generation, PJM is a significant part of the problem, said David Masur, the executive director at PennEnvironment, an environmental organization in Pennsylvania that has closely tracked the state's lagging investment in renewable energy. Thursday’s spike through key resistance levels at $3.489 and $3.529 was driven by the EIA’s weekly injection of just 53 Bcf—well below both the consensus estimate of 64 Bcf and the five-year average of 85 Bcf. However, the rally was short-lived. Updated weather models turned warmer for mid-October, pressuring prices back below the breakout zone. Friday’s early trade confirms Thursday’s bearish reversal, putting the focus on near-term downside targets. The latest natural gas futures news signals July contracts could gain momentum if Asian LNG demand remains elevated. Price sits at $2.35 per MMBtu and Bollinger Bands show narrowing volatility, often preceding a breakout.