Natural gas finished slightly higher after a choppy trading session, pulled in opposing directions by bargain buying and a glut of supply. Moderating weather forecasts were also placing downward pressure on gas prices. Weather forecasters are expecting milder weather in the major gas-consuming regions as the remnants of Tropical Storm Bonnie bring rain to the southern U.S. Natural Gas yesterday we have seen that market has moved 0.42%. Market has opened at 214.4 & made a low of 212.1 versus the day high of 217.3. The total volume for the day was at 23660 lots and the open interest was at 4494.Now support for the Natural Gas is seen at 213.2 and below could see a test of 210.1. Resistance is now likely to be seen at 218.4, a move above could see prices testing 220.5.

Trading Ideas:

Natural Gas trading range is 210.1-220.5.

Natural gas finished slightly higher pulled by bargain buying

Natural gas looks to take resistance at 218.40 and support is at 213.20.

Weather forecasters are expecting milder weather in the major gas-consuming regions