By FX Empire.com
Natural gas prices fell on Monday, as speculations mounted that supply of natural gas will reach a record high before the winter season starts, which put negative pressure on natural gas prices amid speculations supply will exceed demand. Moreover, industrial production in the United States rose in September by 0.2% in line with forecasts.
Traders will be following the weather forecasts in order to speculate over the outlook for demand, where forecasts show that temperatures will be below average in parts of Central and Eastern of the United States, which could boost demand for the heating fuel, and that could push prices higher.
