Power Burn

Natural gas prices enter a pivotal stretch with above-normal heat still supporting power burn across the central and eastern United States. Yet fading late-July temperature forecasts, storage concerns and El Niño-linked winter expectations continue to keep downside risks in focus.

Natural gas futures lost momentum after a weather-driven rally failed to hold, with strong production and comfortable storage continuing to cap upside attempts. Traders are watching LNG feed gas, the next EIA storage update, and price action around the 50-day moving average for the next directional signal.