Supportive weekend weather trends, against a backdrop of tightening underlying fundamentals, helped natural gas futures rebound in early trading Monday.

NGI Morning Natural Gas Price & Markets Coverage

After plunging 8.6 cents in Friday’s session, the April Nymex contract was up 8.8 cents to $1.743/MMBtu as of 8:35 a.m. ET.

The American Global Forecast System model added 20 heating degree days (HDD) over the weekend versus projections as of midday Friday, according to NatGasWeather.

The European model had been colder going into the weekend and added only a handful of HDDs to the outlook, the firm said.

Overall, NatGasWeather was modeling “moderate” weather-driven demand for natural gas across the 15-day projection period, incrementally supportive versus recent mild temperatures.

The outlook continued to lack a...