Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET.

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Natural gas futures had finished off the short holiday week with another huge leap higher after the latest inventory data confirmed a sluggish start to the injection season. The May Nymex gas futures contract settled Thursday at $7.300, up 30.3 cents on the day. June futures raced 32.7 cents higher to $7.423.

Momentum continued in the spot gas market as well ahead of a chilly weather pattern seen continuing until the last week of April. NGI’s Spot Gas National Avg. climbed 28.0 cents to $6.805.

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