South

Natural gas has fallen back below the psychologically important $3 area as cooler weather forecasts reduce expectations for power-sector demand. The broader uptrend remains intact for now, but traders are watching a tight support cluster and the 50-day moving average for confirmation of the next move.

September natural gas futures are trading inside the prior session’s range, signaling indecision as traders weigh intense summer heat against a larger-than-expected storage build. Market attention is fixed on whether buyers can clear resistance near $2.840 or whether swelling inventories keep rallies capped.