After gaining ground in four previous sessions, July Nymex natural gas futures settled lower on Friday as market participants took profits and looked to somewhat milder weather beyond an imminent heat wave in the first week of summer.

Natural Gas Intelligence's (NGI) natural gas forward curve chart showing basis price forecasts for hubs key to the LNG market.

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At A Glance:

Futures test resistanceHeat moderates in JulyLNG deliveries recover