Natural gas futures are at a pivotal point, with cold risks limiting upside into mid-February. US and European officials concerned over delayed energy assistance to Ukraine. Restricted gas supplies causing generator outages and boosting spot prices in US markets. Traders eyeing demand side despite quick rebound in Lower 48 production.

Frantic movements in natural gas futures market as February contract ended at a premium to March contract. Futures struggling to hold above immediate support at $3.164. Extreme selling pressure indicated by gap-down opening on Monday. Indecisiveness seen in multiple bearish crossovers on 1-Hr. chart.

Frigid temperatures to continue across Midwest and eastern US, with demand very high through the weekend. Mild temperatures in the West with milder conditions expected next week. Natural gas futures experiencing extreme indecisiveness, potential bounce expected if support at $3.614 holds. Risk management advised in trading decisions.

Read more at Investing.com: Natural Gas Futures Test Key Support Amid Winter Demand