Just checked the natural gas futures and they're holding steady around $1.656 after yesterday's rough 5% drop. The market's waiting on the EIA report to see how much the natural gas inventory build actually is - analysts are looking at somewhere between 79-89 Bcf, which would be well above the usual 59 Bcf average. That's a lot of extra supply hitting the market. Production's down about 10% this year because drilling slowed, but demand is pretty soft right now with warmer weather coming. The Freeport LNG terminal's having some issues too, though things seem to be picking up there. Technically, we need to break above $1.848 to flip bullish, otherwise the downtrend stays intact. The natural gas inventory data dropping tonight could be a big mover for price action going into the weekend.

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