Nonsupportive

Futures Gap Lower as Lack of Weather Remains Bulls’ Achilles Heel

Traders were greeted with a nonsupportive weather picture in Sunday’s overnight trading session and the response was even lower natural gas futures prices. With the lack of real heat or tropical storm activity, the September contract gapped lower on Monday’s open and recorded a low of $5.230 during the day before closing at $5.380, down 14.3 cents from Friday’s close.

August 28, 2007