With updated estimates showing a dip in production, and with forecasts signaling stronger late-season cooling demand, natural gas futures extended their recent gains in early trading Tuesday.

NGI Morning Natural Gas Price & Markets Coverage

Coming off a 25.3-cent rally in Monday’s session, the October Nymex contract was up 7.8 cents to $8.327/MMBtu at around 8:50 a.m. ET.

After probing as low as $7.855 in Monday’s session, the October contract rallied sharply from there.

EBW Analytics Group senior analyst Eli Rubin said it was “robust technical support” that “launched the move up” Monday, adding that “a further probe higher appears likely today.”

The latest forecasting early Tuesday was showing stronger heat over the Midwest from Friday through next week (Sept. 16-22), potentially lifting highs into the...