Natural gas price futures slipped slightly on profit-taking

Natural gas price futures slipped slightly on profit-taking after touching $3.00/MMBtu, but underlying fundamentals—especially lower-than-average storage injections—continue to favor a bullish medium-term view. Oil and gas industry participants interviewed in the Dallas Fed's survey said conditions are getting worse. Track forward-looking risk expectations in Energy markets with the CME Group Volatility Index (CVOL), a robust measure of 30-day implied volatility derived from deeply liquid options on Energy futures. Natural gas price futures rallied intraday following updated NOAA reports showing colder-than-average conditions over the next 10 days. Traders are rotating from short to long positions on expected demand spikes.