U.S. natural gas futures fell for a third consecutive session on Wednesday, hitting its lowest intraday level since late April, as new weather forecasts indicate a much cooler weather pattern unfolding across the Lower 48 for the beginning of August. Bloomberg cited Darrell Fletcher, managing director of commodities at Bannockburn Capital Markets, who noted that one of the most critical technical support levels for NatGas futures, around $3.20, is currently being tested. As of late Wednesday afternoon, the level had been broken, pushing prices…
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