The March natural gas contract rebounded a couple percent today as weather models began adding back demand and weather-adjusted demand continued to impress. 

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It was the March contract that was again strongest on the day, with firm cash prices helping it lead throughout. 

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The result is two straight days with the March/April spread bouncing. 

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In our Morning Update, our sentiment turned back Slightly Bullish on overnight GWDD additions and tighter balances at these lower price levels. 

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We specifically highlighted to that afternoon 12z model guidance should trend even colder to support prices and that Week 3 forecast risks were more supportive. 

LNG exports came back this week as well, helping to tighten up balances. We track these daily for clients in our Note of the Day. 

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