Amid continued production weakness in updated estimates, along with sweltering summer temperatures in the latest forecasts, natural gas futures rebounded in early trading Wednesday. 

NGI Morning Natural Gas Price & Markets Coverage

After settling 26.3 cents lower in the previous session, the August Nymex contract had recovered those losses as of around 8:50 a.m. ET. The front month was up 35.7 cents to $6.520/MMBtu.

The August contract retreated in Tuesday’s after failing to break through technical resistance earlier in the session, EBW Analytics Group analyst Eli Rubin said. The declines also coincided with “a widespread sell-off across the broader commodity complex.”

Looking at the supply picture, the production losses that emerged in estimates Tuesday remained evident in early-cycle pipeline nominations as of early...