Natural gas ended down as tepid demand and copious supplies pressured the market lower, despite forecasts of an intense heat wave across much of the U.S. through the beginning of August. A slow economic recovery continues to depress gas demand. Many large industrial gas consumers permanently shut their doors during the recession. Natural Gas yesterday we have seen that market has moved -0.38%. Market has opened at 214.2 & made a low of 210.8 versus the day high of 215.3. The total volume for the day was at 31671 lots and the open interest was at 8109.Now support for the Natural Gas is seen at 210.6 and below could see a test of 208.5. Resistance is now likely to be seen at 215.1, a move above could see prices testing 217.5.

Trading Ideas:

Natural Gas trading range is 208.5-217.5.

Natural gas ended down as tepid demand and copious supplies pressured the market lower

Natural gas looks to take resistance at 215.10 and support is at 210.60.

A slow economic recovery continues to depress gas demand