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October natural gas prices extended their late day sell off from yesterday during the overnight and early morning hours, marking a lower low in the process. The market showed a disappointing reaction to yesterday's EIA storage data that came in below expectations. The weekly natural gas storage report showed an injection of 28 bcf. Total storage stands at 3,402 bcf or 10.7% above the 5 year average. Over the last four weeks natural gas storage has increased 161 bcf.
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*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.
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