April natural gas prices registered another new contract low early this morning. It seems that weather forecasts that call for slightly warmer temperatures later next week along with high levels of US production continue to exert pressure on nearby pricing. Some traders suggested that the negative sentiment within the natural gas market was highlighted in open interest data that showed a new record high set on Tuesday. Expectations for this morning's EIA report call for a decline in the range of 80 to 90 bcf, which compares to last year's decline of 124 bcf and the five year average draw of 131 bcf.