June natural gas futures pushed slightly higher early Tuesday in the US, yet remains rangebound as traders dial in on slight changes to weather forecasts until Thursday’s storage report provides the market’s next catalyst. At 8:11 am EDT (1211 GMT), the contract traded at $4.733/MMBtu, up 4.5 cents from Monday’s close. It traded overnight between $4.692/MMBtu and $4.742/MMBtu. Prices continue to trade “in the middle of the mini-range ($4.52-$4.85),” EcomEnergy analysts said, while adding “when prices are going nowhere and are in a range — it can be a good time to sell premium.” The firm saw support at $4.708/MMBtu and resistance at $4.808/MMBtu. National Weather Service forecasts show a mixed pattern with above-normal temperatures in the Southeast and West over the next two weeks and below-normal temperatures taking hold in the Upper Midwest. Bentek Energy forecast supply for Tuesday at 71.7 Bcf, […]