Tuesday marked a second day of small shifts along the natural gas futures curve, with flip-flopping in the latest weather models taking a toll on prices. Even with export demand hitting a fresh high and supply taking a hit, the January Nymex contract fell as much as 4.9 cents before going on to settle only two-tenths of a cent lower day/day at $2.880. February ticked up 0.003 cents to $2.868.

Markets

Cash prices also slipped outside of the East Coast, despite continued strong demand there and in the country’s midsection. NGI’s Spot Gas National Avg. fell 7.5 cents to $2.750.

With more cold expected in parts of the country later this week, any resulting strength in the cash market could limit downside risk for futures, according to EBW Analytics Group. The firm said despite the...