Natural Gas – Fundamentals Will Weigh On Near-Term Upside
Welcome to the consolidation edition of Natural Gas Daily!
Fundamentally speaking, the things to get bullish about natural gas are fading a bit in the near term. Lower 48 production has recovered and is now in-line with the broader market consensus. The market’s reaction to much higher expected LNG exports in October also is starting to get priced in. Lastly, the big short squeeze from last week is running out of steam.
As for natural gas-related trades, we also see short-term momentum fading …