After eclipsing the $6.00 threshold, natural gas futures showed no signs of slowing down in early trading Wednesday, advancing further against a backdrop of strong demand and supply adequacy concerns. 

NGI Morning Natural Gas Price & Markets Coverage

Coming off a 32.0-cent rally in the previous session, the May Nymex contract was up another 34.5 cents to $6.377/MMBtu at around 8:45 a.m. ET.

Bespoke Weather Services characterized recent price action as a call on supply, pointing to data as of Tuesday showing a decline in domestic production.

“There continues to be no top in the natural gas market, with the strong rally continuing this morning,” Bespoke said “…At this point, it’s more about momentum, and it is hard to see how we do not test the $6.35-6.50 prompt month resistance zone, as the market is clearly saying...