Welcome to the June front month contract in the NYMEX. Carrying on from yesterday’s big rally, June settled up 4 cents to close at $3.30 US/mm. Like we said yesterday, it has been a relentless sell-off this past month so it’s only natural that the market catches a break.

It’s looking quite warm in NOAA’s 8-14 Day Temperature Outlook. Heating demand and cooling demand is basically flat, and cooling demand is set to increase in the 11-15 day period. Unsurprisingly, injections are in full swing. Dawn has been seeing decent injections and the lower 48 is expecting +89 Bcf for this week’s storage report.