Natural Gas Futures Cool on Weather Outlook

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.

Click here to read the full Investing.com article.