Natural gas climbed fueled by a rise in crude-oil prices and expectations of a larger-than-normal withdrawal from U. S. gas storage last week. The EIA is expected to report that 171 billion cubic feet of gas were withdrawn from storage during the week ended Dec. 18. Natural Gas yesterday we have seen that market has moved 2.07%.

Market has opened at 268.5 & made a low of 262.1 versus the day high of 273. The total volume for the day was at 36641 lots and the open interest was at 6060. Now support for the Natural Gas is seen at 264.8 and below could see a test of 258. Resistance is now likely to be seen at 275.7, a move above could see prices testing 279.8.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 258-284.

NATURAL GAS YESTERDAY CLIMBED FUELED BY A RISE IN CRUDE-OIL PRICES

NOW RES IS AT 274.40 ABV THIS A RALLY TILL 277-280 CAN BE SEEN.

TODAY NATURAL GAS STORAGE: EXP: -171B PREV: -207B

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