New York, January 13, 2026, 06:56 (EST) — Premarket

• UNG climbed 7.5% Monday after U.S. natural gas futures rallied on forecasts for a colder mid-January
• The February gas contract slipped back during overnight trading following Monday’s jump
• Traders are eyeing new weather models alongside Thursday’s U.S. storage report

Shares of the United States Natural Gas Fund (UNG) surged 7.5% Monday, closing at $11.18 before dipping roughly 0.9% in after-hours to $11.08. (Yahoo Finance)

That rebound is crucial as weather swings have been driving U.S. natural gas prices, with the market moving into peak winter heating season. When the forecast shifts, traders follow suit.

UNG offers equity traders a quicker route to track natural gas price shifts without dealing with futures contracts themselves. The fund aims to mirror daily changes in natural gas by using NYMEX contracts, rolling over to the next month as the front-month contract gets close to expiration. (Uscfinvestments)

NYMEX February futures closed Monday at $3.409 per million British thermal units. Early Tuesday trading showed a drop of about 2.1%, with prices around $3.337. (MarketWatch)

Forecaster Atmospheric G2 reported Monday that temperatures are expected to drop across the eastern U.S. from Jan. 17-21, with even colder conditions forecast for Jan. 22-26. The update also highlighted short covering after natural gas prices fell to a 2.5-month low on Friday. (Nasdaq)

Supply remains a heavy drag, showing little sign of letting up. Aegis Hedging reported dry gas production has risen again to over 109 billion cubic feet per day, approaching record highs. They also highlighted forecasts projecting a drop below the 10-year average by the end of the week. (Aegis Hedging)

Leverage products moved as expected. ProShares Ultra Bloomberg Natural Gas (BOIL) jumped roughly 14% in premarket action, while its opposite, ProShares UltraShort Bloomberg Natural Gas (KOLD), dropped close to 15%.

Gas-linked names pushed higher early Tuesday. EQT rose around 2%, Antero Resources climbed about 3%, and LNG exporter Cheniere Energy added close to 2%.

By early Monday afternoon, natural gas prices had climbed roughly 5.9%, while UNG surged 6.9%, MT Newswires reported. The rally extended further into the trading session. (Fidelity Fixed Income)

That setup works both ways. If the cold snap fades or bypasses key demand hubs, gains can evaporate fast. UNG follows futures rather than the spot gas price, and returns often take a hit when the monthly roll sees later contracts priced higher than the front month.

On the longer-term demand front, LNG developers are racing to get projects into construction. Delfin Midstream announced it extended a letter of award with Samsung Heavy Industries and signed a purchase order for Siemens Energy gear. CEO Dudley Poston said the company aims to reach a final investment decision “in the next month.”

Tuesday’s session will see traders eyeing whether Henry Hub futures hold onto gains after Monday’s surge, along with ETF flows once regular trading kicks off.

No new for copper price by its fluctuating below $5.9700 barrier, which obstructs the chances of achieving any new gains, to increase the chances of activating the bearish corrective track again, therefore, we will keep waiting to decline towards the corrective stations that are located near $5.7500 reaching the initial support at $5.5800 level.

Note that the success in breaching the barrier and holding above it will reinforce the chances of resuming the main bullish attack, to expect reaching $6.1200 directly, then press on the resistance of the main bullish channel’s resistance at $6.2000.

The expected trading range for today is between $5.7500 and $5.9700

Trend forecast: Fluctuating within the bullish trend

No new for copper price by its fluctuating below $5.9700 barrier, which obstructs the chances of achieving any new gains, to increase the chances of activating the bearish corrective track again, therefore, we will keep waiting to decline towards the corrective stations that are located near $5.7500 reaching the initial support at $5.5800 level.

Note that the success in breaching the barrier and holding above it will reinforce the chances of resuming the main bullish attack, to expect reaching $6.1200 directly, then press on the resistance of the main bullish channel’s resistance at $6.2000.

The expected trading range for today is between $5.7500 and $5.9700

Trend forecast: Fluctuating within the bullish trend

American Express Company (AXP) stock price recorded a pullback in its latest intraday trading, influenced by the stabilization of the key resistance level at $387.50, as the stock attempts to build positive momentum that could help it break above this resistance later on. This comes amid continued dynamic support from trading above its SMA50, which reinforces the stability and dominance of the main short-term upward trend, with price action moving along a supportive trend line.

Therefore we expect the stock price to rise in upcoming trading, but only if it first succeeds in breaking above the $387.50 resistance level, to target the next resistance at $410.00.

Today’s price forecast: Bullish

NEW YORK, Jan 12, 2026, 07:02 EST — Premarket

• U.S. Natural Gas Fund (UNG) showed a roughly 4% gain in premarket trading, bouncing back after a steep fall on Friday.
• NYMEX February natural gas futures edged up early Monday as traders reevaluated U.S. temperature forecasts.
• Attention shifts to Thursday’s EIA storage report, with traders watching to see if mid-January’s cold snap impacts demand.

Shares of the United States Natural Gas Fund (UNG) showed gains in Monday’s premarket, following a rebound in U.S. natural gas futures. The bounce comes after a selloff late last week, driven by forecasts for warmer weather. (Investing)

This shift is crucial since weather has been behind the daily swings in gas prices, with traders relying on funds like UNG to play short-term moves. Winter demand can flip fast, and the market responds just as swiftly.

The stage is set for a volatile week. A change in the mid-January temperature forecast or Thursday’s storage report could jolt the front-month contract—and ripple through gas-linked ETFs.

UNG last traded pre-market at $10.79, per Investing.com, after closing Friday at $10.40—a 7.72% drop. Volume hit about 41.1 million shares Friday, far exceeding its three-month average near 15.9 million, the data revealed. (Investing)

February Henry Hub natural gas futures hovered near $3.26 per million British thermal units (mmBtu) early Monday, gaining roughly 3% on the day following a drop to a 2.5-month low last Friday. (Barchart)

The rebound comes after new model forecasts showed colder weather spreading over much of the country, despite forecasts for weak near-term demand lasting a few days. (TradingView)

“Daily weather-driven demand could hit a short-term low” before bouncing back, EBW Analytics senior analyst Eli Rubin said in a note picked up by Dow Jones Newswires. He also pointed to “increasing consensus” around a “chilly back half of January.” (Fastbull)

Storage continues to weigh heavily. According to the EIA, working gas in underground storage was 3,256 billion cubic feet for the week ending Jan. 2, marking a 119 Bcf drop from the previous week. Inventories remained roughly 31 Bcf above the five-year average but were down 3.6% compared to the same time last year, the agency’s data revealed. (EIA Information Releases)

Leverage is pushing the moves further. ProShares Ultra Bloomberg Natural Gas (BOIL), a 2x leveraged fund, dropped roughly 13.6% in the last session. Meanwhile, the inverse ProShares UltraShort Bloomberg Natural Gas (KOLD) climbed about 13.9%.

That said, the outlook isn’t one-sided. Should forecasts turn warmer once more, or if storage withdrawals fall short of projections, the front-month contract might slip back toward last week’s lows, dragging the ETFs down too.

Silver price surged high in its last intraday trading, to breach the historical resistance level at $81.00, this resistance represents our expected targe in our previous analysis, approaching from recording new all-time highs, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the strength and stability of the main bullish trend on the short-term basis, especially with its trading alongside trendline, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, which might reduce the upcoming gains.

Platinum price leaned in its last trading above %2.0 Fibonacci extension level at $2230.00, to form strong bullish rally this morning to surpass the barrier at $2320, recording some gains by hitting $2375.00 level.

Despite the continuation of the main indicators’ contradiction, the stability above $2320.00 will provide a chance for resume the bullish attempts, to expect targeting $2415.00, to repeat the pressure on the resistance at $2467.00.

The expected trading range for today is between $2265.00 and $2415.00

Trend forecast: Bullish