Heading into what analysts see as a potentially volatile week of trading going into the Thanksgiving holiday, natural gas futures climbed early Monday amid expectations for some colder temperatures next week.

NGI Morning Natural Gas Price & Markets Coverage

The December Nymex contract was up 4.4 cents to $2.694/MMBtu at around 8:50 a.m. ET. January was up 3.8 cents to $2.808.

The near-term price signals were mixed for natural gas, analysts at EBW Analytics Group said in a note to clients early Monday.

“Over the past three days, the forecast for the week after Thanksgiving has shifted significantly colder, boosting gas prices in early morning trading,” the EBW analysts said. “It is not clear, though, whether this increase is sustainable near-term.”

Warm temperatures this week have the potential to compound the...