• Natural gas futures essentially treading water as bearish week of trading draws to close
  • After starting week around $1.800/MMBtu, March Nymex contract trading at $1.610 as of 2:25 p.m. ET, up 2.9 cents
  • Gelber & Associates analysts see “relatively little volatility and market participation” ahead of President’s Day weekend, as “traders have likely squared away positions ahead of time to mitigate some price risk” 
  • Per NatGasWeather, gains “attributed to oversold conditions and profit taking ahead of the weekend break”
  • Weather outlook “still leans bearish” overall “despite a frosty weather system into the U.S. this weekend,” according to NatGasWeather
  • Cash prices pop along East Coast with brief wintry blast expected; Northeast Regional Avg. up 48.0 cents to $2.395,...