Despite some colder trends from forecasts over the weekend, weak overall weather-driven demand expectations for March had natural gas futures trading a few cents lower early Monday. The April Nymex contract was down 2.6 cents to $2.745/MMBtu at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The end of winter is approaching, and weather-driven demand is “sinking fast,” putting downward pressure on the April contract in recent sessions, according to EBW Analytics Group analysts.

Over the weekend, colder trends in the forecasts brought temperatures for the next two storage weeks (through March 11) “close to seasonal norms, potentially enabling the April contract to hold its ground or even mount a brief push higher,” the EBW analysts said. “So far, however, there are few positive catalysts in...