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November US natural gas futures broke below the $2.976 swing bottom, shifting the daily trend to down. Mild weather is reducing front-month demand as cooling fades and heating demand has not yet arrived.
Traders were watching the weekly storage report for possible short-covering.
Weak near-term demand and a bearish technical trend point to softer US gas prices, which lowers ethanol and fertilizer costs. The storage report is the near-term catalyst.
fxempire.comJames HyerczykSep 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
