November natural gas prices rallied during the overnight and initial morning hours after yesterday's wide range reversal to the upside. Some traders indicated that Monday's strong close could inspire more short-covering in the near term. It is also possible that the market has garnered a level of support as the remnants of Tropical Storm Ophelia have gotten more organized. The National Hurricane Center gives the low-pressure system a 70% chance of developing into a tropical cyclone in the coming days as it gyrates about 200 miles northeast of the northern Leeward Islands.
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