Due to the civic holiday, there was no market update yesterday, however the NYMEX continues to drop, as we saw a staggering drop on Monday as we open the front month today at $2.932 US/MM. As of writing this, the market has rallied back over that $3.00 US/MM threshold, and ended the trading day at $3.010 US/MM.  However bearish the market is, some things to look for in the coming weeks as we slowly shift seasons are the weather outlook, as heatwaves are set to hit the Northeast of the US and most of East, the question remains if this bearish sentiment is strong enough to outperform the bullishness of cooling demand in the coming weeks.

On a more macro scale, Trump has begun putting more pressure on the Canadian government with tariffs amidst the trade tensions, which historically has pushed the NYMEX down as the general sentiment is as tariffs are placed on energy products, demand will decrease, however we have yet to see this sentiment reflected in the Dawn forwards and Canadian markets. (AA)