Get Ready for Natural Gas Selloff After Bullish Binge

European natural gas futures rebounded to over €41.5 per megawatt-hour on Tuesday, up from the over one-month low of €39.5 they touched on Monday as markets continue assessing the outlook of gas supply to Europe and the Ukraine gas transit deal comes to an end. Several gas companies and network operators in Hungary and Slovakia, which cover clients from Italy and Austria, have been pushing for the European Commission to extend the Ukraine transit deal beyond 2024. However, the EC appears determined to achieve its goal to end dependency…