Natural gas ended higher on forecasts for hot weather and expectations for increased storm activity in the months ahead. Natural gas inventories, which can be called upon in case of spikes in demand, have swelled this year as producers continue to exploit onshore gas fields known as shales. Natural Gas yesterday we have seen that market has moved 0.28%. Market has opened at 217 & made a low of 216.2 versus the day high of 218.9. The total volume for the day was at 17865 lots and the open interest was at 6577.Now support for the Natural Gas is seen at 215.9 and below could see a test of 214.7. Resistance is now likely to be seen at 218.6, a move above could see prices testing 220.1.

Trading Ideas:

Natural Gas trading range is 214.7-220.1.

Natural gas ended higher on forecasts for hot weather

Natural gas looks to take resistance at 218.60 and support is at 215.90.

Gas inventories which can be called upon in case of spikes in demand have swelled this year