The natural gas market has seen a bit of pressure to the upside in the early hours of Monday but also faces a lot of overhead pressure from a large, round, psychologically important number above. Further,

European natural gas prices rose to a two-year high as colder temperatures accelerate the depletion of the region’s storage facilities.

Mar nat-gas prices Monday rallied to a 2-week high and settled sharply higher. Nat-gas prices rallied on expectations for colder US weather that would boost heating demand for nat-gas. Forecaster Atmospheric G2 said Monday that forecasts have shifted colder,