By FX Empire.com
Natural gas prices fell on Monday, as weather forecasts signaled that temperatures will be above than average through late November, which led to speculations that demand for natural gas as a heating fuel will ease, and accordingly, natural gas prices came under negative pressure.
Traders are likely to continue their attention on weather developments, while we expect traders to shift their attention to rising supply of natural gas later this week, where speculations continue to mount that natural gas stockpiles are approaching a record high reached last year. Overall, we remain bearish on natural gas prices.
Originally posted here
