Natural gas futures were trading both sides of even early Wednesday as analysts identified potential downside amid an underwhelming weather pattern into early October. After trading in the red earlier in the hour, the October Nymex contract had recovered by around 8:50 a.m. ET, up 7.3 cents to $4.878/MMBtu.

NGI Morning Natural Gas Price & Markets Coverage

Price action in the early-morning hours Wednesday suggested the market was “attempting a feeble recovery” following an 18.0-cent drop for the front month in Tuesday’s session, according to analysts at EBW Analytics Group.

“Fundamental indicators are modestly supportive this morning, with near-term weather-driven natural gas demand creeping higher,” liquefied natural gas (LNG) feed gas demand “ticking above 10 Bcf/d and early-cycle production nominations edging...