Golden Pass

Natural gas futures are drawing support from persistent southern heat, elevated power burn and a strong LNG export pull. Thursday’s storage report is set to show whether the rally is backed by a materially tighter domestic balance.

Natural gas traders are watching whether October futures can hold the 50-day moving average after a reversal from above $3.00. Strong LNG feedgas demand and Europe’s storage deficit support pullbacks, but rising Lower-48 production and expanding rig activity remain a ceiling over rallies.