August gas futures slipped but held on to most of Friday’s 5.6% burst into the low $2.40s per million Btu.

摘要

Fundamentals are fairly stable as warmer conditions and increased cooling loads are expected to reduce storage injections. This could lead to a test of $2.50 resistance in coming days. "However, the market will first need to find support near $2.40 and resist the urge to relax lower in line with the status quo," said Gelber & Associates analyst Daniel Myers.