Natural Gas Prices Test 5-Month Lows despite Warm Weather Estimates
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Price channel
Natural gas futures contracts for October delivery fell for five consecutive days and broke below the key the support level of $2.60 per MMBtu (British thermal units in millions) for the first time in the last five months. Prices have been trading within a narrow channel for the past three months. The rising natural gas stockpile is putting pressure on natural gas prices.
Support and resistance
The warm weather forecast and lower natural...