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Hurricane Milton Brings Volatility to Natural Gas Futures
U.S. natural gas futures fell sharply as traders priced in potential demand destruction due to Hurricane Milton, which is approaching central Florida. The market is facing downward pressure as it hovers around key technical levels, with prices currently near three support pivots at $2.711, $2.662, and $2.610. The downside momentum suggests natural gas could test the 50-day moving average at $2.540 in the near term. chart Hurricane Milton, projected to make landfall as a Category 4 storm late Wednesday or early Thursday, threatens to bring significant damage to Florida, with forecasts of strong winds, heavy ... (full story)