Natural gas futures retraced Tuesdays gains and retreated on fears of the tropical storm threats being largely over-blown, a lack of fundamental support and some “positioning” ahead of the EIA storage report. The expectation was for an injection of ~84Bcf which would have outpaced the prior year and 5yr average by 26 and 36 Bcf respectively. Revisions to weather outlooks added to the bearish sentiment as the NWS offered some signs of fall as temperatures across the country are expected to moderate during the next 8-14 days. Short term momentum is higher, but fundamentals point lower until we can get a clearer picture of the long range weather forecast.