Natural gas prices remain depressed as upside strength continues to be well sold keeping the market in a sideways to lower downtrend.
Updated short and long term weather forecasts do not suggest impending weather-related demand for natural gas which is what is needed in order to turn this market around.
Tomorrow's EIA storage injection is expected to show a 58 Bcf build according to a survey of industry analysts pushing current storage of 3,929 Bcf up to a new all-time high.
Production data will also be released tomorrow which could show a sixth consecutive weekly decline.
Weather is bearish, at least for now, but production longer term could be an unexpectedly bullish factor for natural gas during 2016.
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