The NYMEX December natural gas futures contract fell 14.5 cents from its Friday close to trade at $3.756/MMBtu as of 8:50 a.m. EST (1350 GMT) on an unsupportive weather outlook.
The contract traded overnight between $3.729-$3.868/MMBtu.
EcomEnergy analysts pointed to support for the contract at $3.664/MMBtu and resistance at $3.82/MMBtu.
Henry Hub cash averaged $3.595/MMBtu Wednesday, down 2 cents. It last traded on IntercontinentalExchange at $3.7625/MMBtu Monday morning.
Platts unit Bentek Energy forecast supply for Monday at 68.9 Bcf/d, down 100,000 Mcf/d from its Sunday outlook, with demand expected to rise 1.5 Bcf/d to 75.3 Bcf/d. Bentek forecast power burn at 17 Bcf/d, up 200,000 Mcf/d from the previous day, and industrial demand at 19.5 Bcf/d, up 100,000 Mcf/d.
Gas needed to replace lost nuclear generation came in at an estimated 5.025 Bcf/d, up 1.107 Bcf/d, according to Bentek data.
The petroleum complex was trading lower on Monday morning.
The NYMEX January crude contract was down 20 cents at $88.08/barrel, and the front-month heating oil contract was down 95 points at $3.0676/gal.
No trades were seen for the NYMEX CAPP coal contract early Monday. It last settled at $60.88/st on Friday.
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