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Natural gas dropped to test 220 level following a warmer than normal forecast

Natural gas dropped to test 220 level following a warmer than normal forecast

Natural gas trading range for the day is 214.5-230.9. Natural gas dropped to test 220 level following a warmer than normal forecast by the NOAA. The weather is expected to be mild over the next 8-14 days for most of the United States. Market participants looked ahead to weekly storage data which is expected to show a draw in a range between 83 and 94bcf in the week.

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