The August natural gas contract dropped 2.6% to the mid-$2.60s per million Btu -- a level not seen since late June -- after August weather forecasts took a cooler turn

摘要

'It is notable to see the $2.70 mark switch from a support to a resistance level,' Gelber & Associates analyst Kent Bayazitoglu said. 'If the $2.70 resistance holds, the market will feel more pressure to fall further. A very bullish storage report tomorrow would be required to reverse the trend.' He added that a cool August could send prices to $2.50.