Natural gas yesterday traded with the positive node and settled 3.46% up at 213.6 after a government report showed that U. S. inventories fell more than forecast last week as cold weather boosted demand for the heating fuel.

Energy Department said supplies dropped 243 billion cubic feet in the week ended Jan. 14 to 2.716 trillion. Temperatures will be below normal east of the Mississippi River from Jan. 25 to Jan. 29, according to the National Weather Service. In yesterday's trading session natural gas has touched the low of 206.6 after opening at 206.6, and finally settled at 213.6. For today's session market is looking to take support at 208.4, a break below could see a test of 203.2 and where as resistance is now likely to be seen at 217, a move above could see prices testing 220.4.

Trading Ideas:

Natural Gas trading range is 203.2-220.4.

Natural gas ended higher after a report showed that U. S. inventories fell more than forecast.

Natural gas looks to have a support at 210.80 and resistance at 216.40.

Energy Department said supplies dropped 243 billion cubic feet in the week ended Jan. 14 to 2.716 trillion.

NAT. GAS WE EXPECT A PULLBACK AGAIN TILL 204 LEVEL TO SUSTAIN ITS GAIN.