Natural gas futures made minor gains today amid technical trading as some gas futures traders captured small profits as prices continue to channel in a range between roughly $3.85 and $4.10.

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However, further weakness could be in store for May gas this week as another large storage injection could put inventories well ahead of seasonal refill schedules. Based on today's closing price, prices could touch $4 or higher on Wednesday before regressing to the lower end of the channel.