November natural gas prices trended higher during the overnight session but seemed to reverse course ahead of the New York opening. The market continues to dance around the $3.40 pivot level, as it digests the latest US weather forecasts calling for a warming trend into October 18th. Meanwhile, the elevated level of offline US nuclear capacity, running above the five year average for this time of the year, could offer support to natural gas demand from the power generation sector.


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.