January natural gas is set to open 6 cents lower Monday morning at $2.13 as traders see no redeeming weather features on the horizon and overnight oil markets plunged.
MDA Weather Services in its morning six-to 10-day outlook said, "The forecast remains warm-dominated in this period; although not to the levels seen in the Sunday report. This is as low pressure coming from the West is able to undercut the prominent eastern U.S. ridge, allowing for warm anomalies to tame.
"Despite this, most areas in the eastern half hold onto above and much above normal temperatures throughout the period, with the warmest conditions coming to the East from early to mid-period. A series of disturbances will continue to keep a focus of troughing over the West, but the primary flow from the Pacific limits how much cold will be seen there."
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