After weathering the onslaught of hurricanes, natural gas futures have found some support at $4.737. This could attract bulls' attention, despite growing weekly injections. The weekly inventory is still unknown at the time of writing, while the expected injection level is 75 Bcf.
If natural gas finds this injection in three digits this time, there could be a devastating slide that pushes the natural gas futures up to next support at $4.5 or even up to test $4.2 during the upcoming week.
Undoubtedly, the bulls could attempt to test the psychological resistance at $5 and even the level of $5.2. But, that could attract big bears to go short as the overall trend is still bearish due to the absence of any more hurricane threat, restoration of natural gas production and supply in the Gulf of Mexico.
In my opinion, the volatility could remain higher in the coming days. This could be due to the rollover of currently traded October 2021 futures on Sept. 26 that creates a gap during the first trading session of the upcoming week.
Besides, the weather is expected to remain warmer than average throughout most United States during the next two weeks. Warm weather should increase cooling demand during a period when the weather is expected to become milder. Tropical storm Sam has formed in the Atlantic but is unlikely to impact any natural gas infrastructure.