US natural gas prices broke their longest monthly losing streak since 2020. This comes after an El Niño winter swept across the Lower 48, causing demand to dwindle and storage levels to surge, sending prices spiraling lower in recent months. However, now there are signs a bottom is forming in NatGas markets. April printed the first monthly gain since October, up nearly 13%, breaking the longest losing streak in more than four years. Between mid-February and late April, prices were floored around $1.50/MMBtu with resistance around the $2 mark. Since last week, prices have surged above $2. One reason for the bullish pr ... (full story)