Natural gas prices extend gains on rising U.S. temperatures

Natural gas futures rose for a second consecutive session on Wednesday as updated weather-forecasting models called for a warming trend across the eastern half of the U.S. On the New York Mercantile Exchange, natural gas futures for delivery in September traded at $3.929 per million British thermal units during U.S. trading, up 0.81%. The commodity hit a session low of $3.878, and a high of $3.939.

Natural gas futures were likely to find support at $3.761 per million British thermal units, Monday's low, and resistance at $4.173, the high from July 14.Seasonably warm temperatures have pushed out a recent cool snap and are sending natural gas prices rising due to expectations that demand for the commodity will rise as households crank up their air conditioning.

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