Natural gas futures settled lower in the day’s trading session, testing their lowest level since August 13th.

Forecasts for weakness in weather-driven demand, flat liquefied natural gas (LNG) export levels, and concerns regarding storage reaching containment levels before colder weather arrives have been encouraging long traders to offset their positions and aggressive short-sellers to press prices lower.

We expect prices will trade sideways to lower throughout the first few weeks of October as the U.S. and Canada experience continued mild national weather conditions, however, the resumption of higher LNG export flows or a colder shift in the weather pattern could act as the catalysts needed for a retracement to September price highs.

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