November natural gas prices began the new trading week under pressure, perhaps from US weather forecasts calling for an increase in temperatures. A boost in temperatures has the potential to weigh on heat-related demand for natural gas. Some traders also suggested that the natural gas market was still digesting last week's larger than expected storage injection. The Commitments of Traders Futures and Options report as of October 2nd showed non-commercial traders were net short 54,456 contracts, a decrease of 42,111. Non-commercial and nonreportable traders combined held a net short position of 15,697 contracts, for a decrease of 45,141 during the report week. Money managers were also seen as aggressive buyers of natural gas during the report window.
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