November natural gas prices trended lower during the initial morning hours and registered a lower low in the process. Some traders indicated that yesterday's decline seemed to come from an active long-liquidation trade after last week's push into a new high for 2012. While a measure of support for the natural gas market comes from an above normal amount of offline US nuclear capacity, moderating weather forecasts calling for above normal temperatures in the Northeast appears to be weighing on prices.
*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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