Movements of the natural gas futures since Oct. 24 indicate an upward direction despite the wobbly month as the volatility remained higher, where 5-10% moves happened many times.
A plethora of reasons pushed the natural gas futures to hit the lows at $4.749 on Oct. 24 after testing a peak at $10.005 on Aug. 23. 
Still, despite the short-term exhaustion natural gas has been facing since the last week of October, the long-term trend appears to be still intact.
I believe that the current weather pattern and the changing geo-political moves may keep these wild price swings during the first week of December, but the short-term exhaustion could end during the second week of December as the colder weather pattern will start between Dec. 8 – 11.
As I explained in my last analysis, a sharp surge in selling pressure could confirm further downside during the rest of the week if a breakdown below $6.834 plays out after the announcement of the weekly inventory on Thursday.
Moreover, Friday’s close will finally decide the further direction for the next week.
In conclusion, despite hopes for bullish trend during the second week of December, a cautious approach should be the first priority as the bears are still chasing a target at $4.7 amid growing volatility as the changing geo-political move could prevail over the demand-supply equation any time.
Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.