With prices still hovering between key technical inflection points as traders size up winter supply risks, natural gas futures reversed lower in early trading Friday. 

NGI Morning Natural Gas Price & Markets Coverage

Giving back gains from the previous session, the October Nymex contract was off 19.9 cents to $9.063/MMBtu as of around 8:45 a.m. ET.

From a technical standpoint, the outlook for natural gas prices remained unchanged following Thursday’s trading, which saw the October contract climb 13.5 cents. That’s according to ICAP Technical Analysis.

“Need to see the bears send natural gas crashing through several layers of support to jeopardize the bull case,” ICAP analyst Brian LaRose told clients ahead of Friday’s session. “Those layers cut at $8.762-8.745, $8.216-8.061 and $7.669. As for the bulls, to keep...