Natural Gas (NG) Outlook: The recovery from Monday’s 2.665 low, made marginally above the October low at 2.636, is ongoing with US natural gas prices treading water at present. For another upside thrust to unfold, a rise above Tuesday’s high at 2.903 would need to be seen. If so, the 20 June high at 3.016 would be back in play. Further up lie the early to late October highs at 3.081-to-3.141.
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Potential slips may find support near Wednesday’s low at 2.756 ahead of the more significant 2.665-to-2.636 support zone.