U.S. Natural Gas Futures Fall on Mild Near-Term Weather Outlook — Market Talk
Bullish strength: 30/100
- Production restrictions are helping keep natural gas balances tighter.
- Expected 10th consecutive below-normal storage build could reduce the inventory surplus to 35 Bcf from 45 Bcf.
Bearish strength: 70/100
- Mild near-term weather forecasts are limiting heating demand expectations.
- Natural gas futures fell 5.8% to $2.790/mmBtu, extending losses to four sessions.
- Forecasts lack sustained cold needed to keep consumption elevated through the end of October.
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