Volatile natural gas futures probed both sides of even in after hours trading ahead of Monday’s session as the market weighed cooler weekend weather trends against easing domestic storage adequacy concerns. After earlier rallying to as high as $5.799/MMBtu, the November Nymex contract was down 13.5 cents to $5.430 at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Liquefied natural gas (LNG) feed gas demand and production trends were contributing to a “less bearish” outlook that helped Henry Hub prices rise initially in after hours trading over the weekend, analysts at EBW Analytics Group said in a note to clients early Monday.

The firm observed “three-day average LNG feed gas demand rising to a one-month high at 10.65 Bcf/d and gas production trending lower since late September,” factors it...