Riding momentum from strong export levels and continued colder trends from forecasts over the weekend, natural gas futures probed several cents higher in early trading Monday. The May Nymex contract was up 3.9 cents to $2.719/MMBtu at around 8:40 a.m. ET.

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In its latest 15-day forecast Monday Bespoke Weather Services added nine gas-weighted degree days to its projections compared to expectations before the weekend.

A chillier shift from the European model on Friday “so far looks correct, as other guidance joined in on cooler changes for the balance of the month over the weekend,” Bespoke said. The cooler trends keep expected demand “on the above side of normal, though, again, at a low demand time of year. 

“Still, demand is demand, and the change is on the bullish side...