January natural gas is meeting some stiff resistance around $4.50/MMBtu as traders wonder if the contract can make a run at $5 with brimming inventories more than adequate to meet winter heating loads

摘要

Unless the contract makes a significant breakout, this could be the first winter in eight years not to see a $6 price handle. And this could be the year for it, with 3.8 trillion feet of gas stored in the ground and warmish late-winter forecasts.