You’ll note virtually unchanged pricing since April 30th.
First things first, below is latest information on gas in storage, per U.S. Energy Information Administration:
NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing
To the point, there is plenty of gas, weekly injections are strong and come November 1st the amount of gas in storage for winter heating season will likely be fine. This should result in stable pricing moving forward with occasional “ups and downs” based on weather factors and forecasts. However, the unknown factor is the upcoming hurricane season, it’s been quiet over last five years, will it continue? Plus we always have traders “hyping things” to trigger price increases/volatility.
Experts today are saying “oversupplied market” which bodes well for stable/lower futures pricing.