Natural gas futures pared their recent losses in early trading Tuesday as the market continued to assess a mixed winter forecast for the opening third of December. As of around 8:55 a.m. ET the January contract was up 7.8 cents to $7.274/MMBtu.

NGI Morning Natural Gas Price & Markets Coverage

The December contract rolled off the board on a bearish note Monday, dropping 31.2 cents to settle at $6.712. January settled 13.4 cents lower Monday at $7.196.

Taking over as the prompt month, the January contract was modestly higher early Tuesday as traders assessed mixed trends from forecasts overnight.

The American weather model trended warmer overnight to bring it into better agreement with the European model, which held steady in terms of overall heating degree day projections, according to NatGasWeather.

Both models...