Against a bullish backdrop of underperforming domestic production, a glimpse of summer temperatures in updated forecasts spurred natural gas futures sharply higher in early trading Tuesday. After picking up 23.1 cents in the previous session, the June Nymex contract was up 44.7 cents to $7.922/MMBtu at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

A combination of technical momentum and heat in the forecast was setting the stage for natural gas prices to once again challenge the $8 mark early Tuesday, according to EBW Analytics Group senior analyst Eli Rubin.

Amid ongoing supply adequacy concerns during the refill season, the latest production estimates continued to show “subdued” output on a combination of lingering weather-related impacts in the Rockies, Appalachian maintenance and “phantom...