Natural gas fell on concern a weekly government report will show a growing surplus of the industrial and power-plant fuel. The Energy Department may say that U.S. stockpiles advanced 79 billion cubic feet in the week ended April 30. Natural Gas yesterday we have seen that market has moved -0.77%. Market has opened at 182 & made a low of 178.4 versus the day high of 183.7. The total volume for the day was at 17526 lots and the open interest was at 11889.Now support for the Natural Gas is seen at 177.4 and below could see a test of 175.2. Resistance is now likely to be seen at 182.7, a move above could see prices testing 185.8.

Trading Ideas:

Natural Gas trading range is 175.2-185.8.

Natural gas falls as stockpile surplus may gain

Now resistance is at 180.80 above this a rally till 182-184 can be seen.

Today natural gas storage: Exp: 79B Prev: 83B

NAT.GAS BELOW 182 LOOK WEAK TILL 176-175 LEVEL.