A surplus of natural gas in storage, combined with insufficient total degree days (TDD) in the forecast, had natural gas futures flirting with the psychologically important $3.00/MMBtu support level through midday Tuesday.

Natural Gas Intelligence's (NGI) Waha midday natural gas price graph showing historical market volatility.

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Here’s the latest:

November Nymex gas futures down 17.0 cents to $3.099 as of 2:19 p.m. ET