Natural gas yesterday traded with the positive node and settled 2.18% up at 206.2 on a cold-weather outlook for major gas-heating markets and anticipation of a large weekly decline in gas stockpiles. The supply overhang has pressured the market for much of the last two years, capping gains even during winter's increase in gas-heating demand. Colder-than-normal temperatures are seen stretching from Texas to the Northeast through the end of January, likely boosting demand for the heating fuel. Some pressure had been seen from the crude also which closed down by -0.77%, and closed at 4133. In yesterday's trading session natural gas has touched the low of 201.2 after opening at 201.2, and finally settled at 206.2. For today's session market is looking to take support at 202.8, a break below could see a test of 199.3 and where as resistance is now likely to be seen at 208.1, a move above could see prices testing 209.9.

Trading Ideas:

Natural Gas trading range is 199.3-209.9.

Natural gas ended higher on a cold-weather outlook for major gas-heating markets

Natural gas looks to have a support at 202.80 and resistance at 208.10

Today natural gas storage: EXP: -223B PREV: -138B