April natural gas prices trended higher during the early morning hours, rebounding from an early test of yesterday's new contract low. Natural gas came under heavy selling pressure in yesterday's session following EIA storage data that showed a decline of 80 bcf. While this was within the range of expectations, it brought total storage to 2,433 bcf and a new record high for this time of the year. Current supplies were 48.3% above the 5 year average. Over the last four weeks natural gas storage has declined 455 bcf.