Natural gas prices rebounded this week with September NYMEX expiring at $2.87 per MMBtu. Storage rose just 18 Bcf, marking the second straight undersized build and hinting at some late-summer tightness, but an unusually cool early-September forecast points to sharply weaker power demand and heavy injections ahead. Reported production growth remains mostly modest, while LNG exports remain near record highs. The $3 level now serves as key resistance, with fundamentals leaning bearish but downside momentum showing signs of fatigue.
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