# NYMEX February gas futures price surges $2 in technical move as contract expires | S&P Global

> The expiring NYMEX February natural gas contract climbed as high as $7.40/MMBtu before settling at $6.265, nearly $2 above the prior settlement. Analysts said the move was largely technical, citing a classic short squeeze.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6914-nymex-february-gas-futures-price-surges-2-in-technical-move-as-contract-expires
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Analysts viewed the spike as financial rather than physical, so underlying supply and demand were not materially changed. Feed buyers should expect continued energy-cost volatility as expiry-driven swings can distort near-term price signals.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-01-27 | 1 | +21.0% | 4.6 | It documents the February contract rising to $7.40 and settling at $6.265 (~$2 higher) in a technical short squeeze, matching the move, though it was published the day after. |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/012822-nymex-february-gas-futures-price-surges-2-in-technical-move-as-contract-expires

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.