Natural Gas Price Suppressed, But Cooler Temperatures May Bring Surge

The natural gas price has been suppressed by abundant supply, keeping it in a tight range. According to analysts, the $2.65 level is currently being tested as support. The October contract tends to be more bullish than September due to cooler temperatures in the United States, which could lead to increased demand for natural gas.

Currently, there is no huge push for air conditioning demand, and the abundant supply is keeping prices suppressed. However, with the end of the quiet season approaching, this winter could bring a surge in demand as Europeans may need to import US natural gas.