April natural gas futures contract fell 4.4 cents to settle at $4.618/MMBtu Friday after a day of largely directionless trade and consolidation, sources said. “We continue to consolidate above $4.50[/MMBtu],” TFS Energy Futures broker Gene McGillian said. “The market took on a little bit of a bounce [Thursday] … but when we failed to attract new buying, it kind of came off. Now it’s just treading water.” As for fundamentals, McGillian said that while temperatures are poised to rise next week in the US Midwest and Northeast, that trend will reverse and turn colder again by the end of March. Article continues below… Request a free trial of: Gas Daily Gas Daily Gas Daily offers the most detailed coverage of natural gas prices at interstate and intrastate pipeline and pooling points in major U.S. markets. Gas Daily keeps you informed about complex […]