July natural gas established a higher price high during the initial morning hours and seemed to garner a level of support on signs of increased Asian demand for LNG. Overnight reports from Japan indicated a continued pick-up in May LNG demand that is expected to build during the summer months. There were similar reports out of China that showed their May natural gas imports were up more than 125% from year ago levels as they contended with a major reduction in electrical capacity. The Commitments of Traders Futures and Options report showed non-commercial traders were net short 128,128 contracts, a decrease of 33,769. Non-commercial and nonreportable traders combined held a net short position of 83,819 contracts, a decrease of 20,980.