Just noticed natural gas futures had quite the run earlier this year. Prices broke above the 200-day moving average and started testing that May high around $3.16. The whole move seemed driven by heat forecasts heading into summer - typical seasonal demand story. What caught my attention was how the market shrugged off that bearish inventory report. Utilities were adding to storage but not as much as the five-year average, yet traders stayed bullish anyway. Natural gas futures news was all about the weather outlook at that point. Production had been sliding since late 2023, averaging around 102.6 Bcf/d by March, and LNG export volumes were tightening up too with maintenance at some terminals. If that hot pattern held through June like they were predicting, storage could've dropped to 450 Bcf range. Technically, natural gas futures were setting up for a potential push toward $3.70 if the summer demand stayed strong. The technical setup looked solid with support forming around $2.95.