Naturalgas Trading Range For Today

Natural gas trading range for the day is 204.5-216.7. Natural gas rallied on short-covering as forecasts called for mostly warmer-than-normal weather in key regions. 

Prices of the heating fuel are down almost 17% so far this year as forecasts for warm winter weather weighed on heating demand expectations. 

Traders looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 151 and 161bcf.

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