Natural Gas Prices Attempt Bottom as Selling Exhaustion Sets In

Warm Weather capitulation

With the heating season effectively over in the US, the market is shifting its focus to industrial power burn and storage replenishment. Current high storage levels are acting as a significant ceiling on any potential price recovery.

LNG Export Anchor

The record LNG export flow remains the primary support factor. Feedgas demand at US terminals is at record highs, preventing a move toward the catastrophic $2.00 range seen in previous warm cycles.