After a cooler shift in forecasts over the weekend, natural gas futures pulled back in early trading Monday. The September Nymex contract was down 6.1 cents to $4.079/MMBtu at around 8:50 a.m. ET.

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As of early Monday, the latest temperature outlook trended slightly cooler compared to expectations heading into the weekend, according to Bespoke Weather Services. The firm noted cooler changes for early next week.

“We do still see above normal heat in the Midwest to East as we head into the final third of the month, however, so the forecast as a whole remains bullish versus even the five-year average, just slightly less so” compared to earlier forecasts, Bespoke said. 

After the September contract rallied last week — but failed to break through resistance at $4.205 —...