Goldman Remains Bearish on NatGas Despite Colder Winter Forecasts

Mild weather across the Lower 48 has capped natural gas demand, keeping futures locked in a bearish sideways trend, unable to breach the $3 per million British thermal units level. Goldman's Thomas Evans published a note on Monday about the US NatGas market, pointing out that October's unusually warm weather in the Lower 48 has led to the third-lowest Heating Degree Days (HDDs) for October since 1963. "The big picture since the start of last week is that not much has changed except that we've rolled one week forward with warmer forecasts for start…