Natural gas ended slightly lower as ample supplies of the fuel and increased drilling activity put pressure on prices. Weather forecasts are calling for warmer-than-normal temperatures across the Midwest and Northeast this week. Those temperatures are expected to bring additional gas demand to generate electricity for air conditioners. Natural Gas yesterday we have seen that market has moved -1.42%. Market has opened at 189.1 & made a low of 186.9 versus the day high of 190.8. The total volume for the day was at 14368 lots and the open interest was at 5159.Now support for the Natural Gas is seen at 185.9 and below could see a test of 184.5. Resistance is now likely to be seen at 189.8, a move above could see prices testing 192.3.

Trading Ideas:

Natural Gas trading range is 184.5-192.3.

Natural gas ended slightly lower as ample supplies of fuel put pressure on prices

Now resistance is at 188.60 above this a rally till 190-192 can be seen.

Natural gas rig count climbed to 969 last week, an increase of 18 rigs from previous week

NAT.GAS BELOW 190 MARK LOOK WEAK FOR SUPPORT AT 185 LEVEL.