Natural gas slid on forecasts of warmer weather in the United States, portending lower demand for the heating fuel. Gas stockpiles may total 1.776 trillion cubic feet at the end of the winter heating season in March, up about 114 billion cubic feet from a year earlier, according to Energy Department estimates. Natural Gas yesterday we have seen that market has moved -0.52%. Market has opened at 172.5 & made a low of 168.8 versus the day high of 174.3. The total volume for the day was at 37772 lots and the open interest was at 15349. Now support for the Natural Gas is seen at 169.2 and below could see a test of 166.3. Resistance is now likely to be seen at 174.7, a move above could see prices testing 177.3.

Trading Ideas:

Natural Gas trading range is 166.3-177.3.

Natural gas slid on forecasts of warmer weather portending lower demand

Natural gas looks to test support at 169.20 and resistance is seen at 174.70.

Gas stockpiles may total 1.776 trillion cubic feet at the end of the winter heating season in March