After breaking through strong psychological resistance at $4 per million Btu last week, US natural gas prices appear to be losing momentum. Summer heat, which finally arrived late last month in the major eastern US markets, last week supported an 18.2￠ rally in October gas futures, which slid into the long holiday weekend at $4.065/MMBtu. But traders returned to work on Sep. 2 to a cooler outlook and early session trading in the mid-$3.90s.
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