Natural gas futures rebounded Tuesday from their brush with bear territory, posting a gain as traders took profits on bets on lower prices. Natural gas for January delivery ended the day up 5.7 cents, or 1.6%, at $3.652 a million British thermal units on the New York Mercantile Exchange, partially recovering from the previous session’s losses, which helped push the contract to an intraday low that was 20% below last month’s high. Tuesday’s gain was likely the result of traders closing out bearish bets by buying futures, analysts said. The market is entering the time of year when there is usually a surge in demand for gas to heat homes, but forecasts for above-normal temperatures until Christmas across much of the U.S. is leading to expectations of weak appetite for the fuel. “There’s no change to the forecast, this is profit-taking by shorts,” said Gene McGillian, […]