Natural Gas Futures Stymied by Technical Resistance
Natural gas futures rose early on Wednesday but ultimately faltered at midday as technical resistance near $3.00/MMBtu triggered sales.
Traders were digesting evolving weather forecasts, solid LNG demand estimates, and strong but choppy production readings.
October natural gas fell a penny to $2.909 by 11:45 a.m., while Henry Hub spot prices averaged $3.011 in early trading.