Bearish-trending fundamentals data over the weekend kept the pressure on natural gas futures in early trading Monday. The expiring July Nymex contract, scheduled to roll off the board Tuesday, was off 3.5 cents to $6.185/MMBtu at around 8:45 a.m. ET. August was down 2.8 cents to $6.253.

NGI Morning Natural Gas Price & Markets Coverage

Prices have been facing downward pressure from a combination of “moderate bearish weather shifts” for the first week of July, weaker liquefied natural gas (LNG) feed gas volumes and rising production, according to EBW Analytics Group.

“Dry gas production readings are up more than 1.0 Bcf/d since late last week and may continue to climb through Thursday,” EBW senior analyst Eli Rubin said. “There is even an outside chance the supply could challenge year-to-date highs this week before...