November natural prices spent most of the overnight and early morning hours dancing around unchanged levels, trying to stabilize from yesterday dramatic decline. While some of the aggressive selling pressure came from profit-taking, there remain concerns that US storage levels are more than ample. Some measure of support for natural could come from an elevated level of offline US nuclear capacity, estimated at 4% above the five year average.


View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

Copyright CME Group All rights reserved.