July gas futures stalled Monday, ending the session a fraction of a penny lower than the previous session’s close in the upper $2.30s per million Btu after a test of $2.40 resistance.

摘要

More bullish summer fundamentals have yet to emerge to push the contract higher. "The market remains frozen by indecision but appears ready to make a break after more than two weeks of range-bound trading," Gelber & Associates analyst Daniel Myers said. He added that weather forecasts for a ridge over the Midwest and Great Lakes could bring some real summer heat next month and LNG demand is growing.