Natural gas ended lower after a U.S. government report showed a bigger-than-expected build in natural gas inventories, signaling supplies are on the rise. The weekly storage reports are closely monitored by the market because they provide an indicator of the balance between gas supply and demand. Natural gas in U.S. storage for the week ended April 30 stands at 1.995 trillion cubic feet. Natural Gas yesterday we have seen that market has moved -0.78%. Market has opened at 180.5 & made a low of 176 versus the day high of 185.7. The total volume for the day was at 28754 lots and the open interest was at 11274.Now support for the Natural Gas is seen at 174.2 and below could see a test of 170.2. Resistance is now likely to be seen at 183.9, a move above could see prices testing 189.6.

Trading Ideas:

Natural Gas trading range is 170.2-189.6.

Natural gas ended lower after a report showed a bigger-than-expected build in inventories

Now resistance is at 179.60 above this a rally till 182-184 can be seen.

Natural gas in U.S. storage for the week stands at 1.995 trillion cubic feet

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