Natural Gas will slide below August 12's $2.80 close

Natural gas will close lower than the August 12 $2.80 settlement as the market digests the EIA's big storage outlook and muted front-month action. The EIA projected 3,985 Bcf of US storage by the end of October, the highest level in 10 years and 5% above the five-year average, and that ample backdr…