Natural gas futures regressed to a fresh 13-month low in the $3.40s as bearish industrial demand data and mild weather forecasts for the balance of October managed to scatter any remaining gas market bulls

摘要

Based on the weak close, November gas is poised to test the $3.30s or lower in coming days. “If the rest of October is mild and doesn't lift demand much, the end of refill season totals could actually exceed last year's record storage, which is incredibly bearish for prices,” said a gas trader in New York. “This is downright amazing considering that we literally just came out of the hottest summer on record, yet we're still in line to fill gas storage to the brim.”