After some up-and-down action for a market that’s been closely monitoring global prices trends, natural gas futures were trading close to even early Monday. The October Nymex contract was up 0.4 cents to $5.109/MMBtu at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Forecast weather-driven demand trended lower over the weekend, a result of declines in both projected cooling degree days (CDD) and heating degree days (HDD) in the 15-day outlook period, according to Bespoke Weather Services.

There was a “mix of changes in the modeling” compared to Friday’s forecast, “the first being some cooler changes in the South later this week, reducing CDD,” Bespoke said. “A second push of cooler air comes through the eastern U.S. this weekend, though as we head into next week, warmth builds in the middle...