Natural gas futures added to recent gains in early trading Tuesday as the market continued to gauge the impact of cuts to Canadian supply amid wildfires in Alberta.

NGI Morning Natural Gas Price & Markets Coverage

Coming off a 10.1-cent rally in the previous session, the June Nymex contract was up 3.6 cents to $2.274/MMBtu at around 8:50 a.m. ET.

Monday’s rally saw the June contract approach the 20-day moving average at $2.25, with supply disruptions from wildfires in Canada contributing to the move higher, EBW Analytics Group analyst Eli Rubin said.

“The 20-day moving average remains a key near-term technical inflection point; if Nymex gas can break out higher, it could open the door to prices in the $2.30s/MMBtu,” Rubin said.

Analysts at ICAP Technical Analysis said that even after Monday’s rally it will take...