On analysis of the Natural Gas Futures in different time frames, I believe they could take the second step higher amid growing reopening hopes with developments on the vaccine front. Despite a steep rise in coronavirus cases, strong economic data looks evident enough to drive domestic and industrial demand for natural gas in the near term.
The upcoming Natural Gas inventories may see two-digit injection rather than three in comparison to previous weeks. That could support Natural Gas in testing fresh highs to achieve the target of $2.648.
Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.