Rebounding

The nation’s economy may be slowly rebounding from the recession that began more than two years ago, but the outlook for increased natural gas demand remains unclear, according to Adam Sieminski, chief energy economist for Deutsche Bank.

Following the recent trend of countering the preceding day’s price move, May natural gas futures on Tuesday notched a $3.879 low before rebounding to close at $3.975, up 3.1 cents from Monday’s finish.

Following the recent trend of countering the preceding day’s price move, May natural gas futures on Tuesday notched a $3.879 low before rebounding to close at $3.975, up 3.1 cents from Monday’s finish.

Rebounding from Thursday’s 21.4-cent freefall following a larger-than-expected storage injection, May natural gas futures on Friday reached a high of $4.099 before closing the regular session at $4.039, up 5.4 cents from Thursday’s finish but 3.1 cents below last week’s close.

Rebounding from Thursday’s 21.4-cent freefall following a larger-than-expected storage injection, May natural gas futures on Friday reached a high of $4.099 before closing the regular session at $4.039, up 5.4 cents from Thursday’s finish but 3.1 cents below last week’s close.

Support at $4 held up once again on Tuesday as April natural gas futures notched a low of $4.058 before rebounding to close at $4.130, up 5.1 cents from Monday’s finish.

Support at $4 held up once again on Tuesday as April natural gas futures notched a low of $4.058 before rebounding to close at $4.130, up 5.1 cents from Monday’s finish.

Influenced by a multi-dollar drop per barrel in crude oil futures, May natural gas futures dropped to a new low for the down move Monday before rebounding to close at $3.628, up 1.8 cents from Thursday’s pre-holiday close.

Rebounding from last week’s late surge of weakness, December natural gas futures tied on 49.1 cents Monday to close at $7.248 as near-term forecasts began to tilt toward the chilly side. Crude futures increased as well — albeit by a smaller percentage — as the December contract gained $1.37 to finish at $62.41/bbl.