Natural gas futures extended their recent losses in early trading Tuesday as analysts pointed to a number of bearish developments, including strong domestic production and fading weather-driven demand.

NGI Morning Natural Gas Price & Markets Coverage

The October Nymex contract was down 37.5 cents to $8.411/MMBtu at around 8:45 a.m. ET.

The 47.6-cent sell-off back in Friday’s session saw the October contract break below a key technical support barrier associated with the 20-day moving average at $9.011, according to EBW Analytics Group analyst Eli Rubin.

“While upside price risks remain later this year, further consolidation from the $1.50 move higher during the back half of August is favored near term,” Rubin said.

Recent developments offer up a number of “bearish catalysts” that could weigh on prices, the...