Investment Thesis
Until noticeably colder material changes begin showing up in the outlook, upside potential will remain limited with downside risk outweighing.
Natural gas futures gapped lower on Monday after forecast models shifted milder late weekend and on Monday
On Monday, the new front-month February contract settled down 4.5 cents ($0.045) to $2.186/MMBtu, while the March contract settled down 1.6 cents ($0.016) to $2.157/MMBtu.
Figure 1 below is a chart depicting the price trend of the February contract over the past 24 hours.
Source: Investing.com
On Monday, the United States Natural Gas ETF (UNG