Milder overnight forecast trends for late November saw natural gas futures reverse lower in early trading Friday. Coming off a 16.9-cent rally in the previous session, the December Nymex contract was down 19.7 cents to $6.172/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Both the American and European weather models dropped forecast demand overnight by showing less cold over the northern part of the country during the last week of November, according to NatGasWeather.

“The overnight data held very strong national demand through early next week but still with demand easing to seasonal levels…if not a little lighter than normal for several days” between next Wednesday and Nov. 30, NatGasWeather said. 

It’s possible the weather data could “trend back colder” for this time frame,...