Natural gas markets finally gave reprieve to traders after three consecutive sessions of over 5% price swings. The NYMEX front month settled at $4.60 USD/MMBtu, posting a small $0.02 USD/MMBtu or 0.5% gain on the session. The contract fell $0.72 USD/MMBtu or 13.5% over the last two sessions and is nearing the one-month low of $4.48 USD/MMBtu. 

Weather forecasts continued their warming trend, with Ontario and Quebec experiencing significant demand loss in the 6–10 day forecast. Extreme Alberta temperatures in the 1-5-day forecast have also lessened, but the 11–15-day window shows signs of returning to well below normal. Markets could see upward pressure tomorrow with colder temperatures returning in the Northeast and the expected release of a bullish storage report. (PB)