It is still too early to tell if last week's uptrend was a seasonal low or just another short-covering rally.
If last week's rally was short-covering, the market will quickly need to sell back off this week.
The seasonal trend chart for the natural gas over the last 3 and 5 years points toward a post-winter seasonal low forming soon if it hasn't already last week.
A second and final seasonal low for the year is expected in late-summer, typically during the months of August or September.
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