March natural gas futures climbed early Monday on cold weather demand and tested key resistance, though analysts warned volatility may increase as April prepares to take over as the prompt contract Thursday.

Chart comparing NGI’s Daily Henry Hub natural gas price and NYMEX prompt-month futures from Dec. 2025 to Feb. 2026, showing a late-January cash spike above $30/MMBtu while futures peaked near $7/MMBtu before both retreated.

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At A Glance:

March intraday high near key resistanceWeather support lingersBreakout needed to confirm direction