Natural gas futures held steady in early trading Monday, avoiding further losses despite continued signs of warmth from the latest weather data. The December Nymex contract was up 0.4 cents to $2.892/MMBtu at around 8:45 a.m. ET.

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The “very warm” temperature outlook that dominated guidance last week held in model runs through the weekend, and now mild temperatures figure to last into the latter portion of November, according to Bespoke Weather Services.

“While we did add a little nearer-term demand to our forecast, we had already been positioned warmer than the model output,” as both the American and European datasets came in “flat to slightly lower” in terms of overall forecast gas-weighted degree days (GWDD), the firm said.

The most recent days added to the back...