Investing.com reported today that natural gas futures were down on forecasts of cooler temperatures in the Midwest and Northeast regions of the United States.
As quoted in the publication:
On the New York Mercantile Exchange, natural gas for delivery in August hit a session low of $4.113 per million British thermal units, before coming off the lows to last trade at $4.133 during U.S. morning hours, down 0.35%, or 1.5 cents. Natural gas futures fell to $4.092 on Monday, the weakest level since January 10, before settling at $4.147, up 0.02%, or 0.1 cents. Futures were likely to find support at $4.092 per million British thermal units, the low from July 14 and resistance at $4.193, the high from July 10.
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