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Fundamentals Pressure Natural Gas Futures, Though Losses Limited by Seasonality

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June Nymex natural gas futures rally was squarely in the rearview as the contract slid through afternoon trade on Wednesday. Fundamentals failed to inspire additional gains, though risk remains to the upside.

gradient-quote Tuesday’s strong move higher was more of a technical bounce off the Nymex June 2025 contract’s previous downtrend low around $3.10 than by a shift in the fundamentals, gradient-quote-right
Jonathan Lee, ENGIE Impact Analyst

View Full Article on NGI

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