With recovering flows to the Freeport LNG terminal bringing out the bulls, natural gas futures were rallying through midday trading Monday. Spot prices were climbing off the lows recorded for delivery over the weekend.

Here’s the latest:

  • June Nymex futures up 9.3 cents to $2.016/MMBtu as of 1:58 p.m. ET

With slow stochastics “in extreme oversold territory” heading into Monday’s session, the technical outlook suggested June futures could see a “short-term bump,” according to NGI’s Pat Rau, director of Strategy & Research. Before June can “challenge major resistance at $2.11” it will need to break through the psychological $2 barrier and then surpass the 50-day moving average at $2.078, according to Rau.

  • Flows to Freeport liquefied natural gas terminal...