⬤ Natural Gas February 2026 futures exploded higher on Wednesday, posting a 7%+ gain that ranks among the four strongest daily performances in the past 20 years. After weeks of relentless selling pressure, the market found support near the $2.60–$2.70 zone before launching into a powerful rally that lifted prices above $3.30.
⬤ The daily chart tells a clear story: natural gas had been grinding lower throughout December and early January, with sellers firmly in control. Price action compressed near recent lows, forming small, overlapping candles that signaled indecision. Then came Wednesday's massive bullish candle—a sharp break that suggests aggressive short covering rather than gradual buying. The sudden expansion in range points to rapid repositioning after the market failed to push lower.
⬤ This kind of extreme move resets near-term technical conditions and tends to spike volatility expectations across the energy complex. It's already drawing fresh speculative interest while forcing adjustments to hedging strategies tied to energy costs. The big question now: will this rally gain traction and build momentum, or fade as a volatility spike? The answer depends on how prices hold above recently reclaimed levels in the sessions ahead.
