Natural gas prices are weaker this morning with selling coming into the market yesterday during the Thanksgiving holiday computer traded session.
Bearish 6-10 and 8-14 day forecasts are the culprits behind recent weakness as the spot January 14 contract again approaches the lower-4.000 level.
This week's record high November storage withdrawal combined with the potential for plenty of winter heating demand for natural gas down the road should entice buying at the lower-4.000 level similar to the past two weeks.
This is a buying opportunity. A slight change in the forecast and the market will quickly turn around.
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