Natural gas ended slightly lower after a U.S. government report on natural gas storage showed a bigger-than-expected build in natural gas inventories. Natural gas in U.S. storage for the week ended August 6 stands at 2.985 trillion cubic feet, about 5% below last year's level for the same week and 7.9% above the five-year average. Natural Gas yesterday we have seen that market has moved -0.34%. Market has opened at 203.3 & made a low of 200.5 versus the day high of 205.2. The total volume for the day was at 46670 lots and the open interest was at 17529.Now support for the Natural Gas is seen at 200.1 and below could see a test of 197.9. Resistance is now likely to be seen at 204.8, a move above could see prices testing 207.3.

Trading Ideas:

Natural Gas trading range is 197.9-207.3.

Natural gas ended slightly lower after bigger than expected build in gas inventories

Natural gas looks to take resistance at 200.10 and support is at 204.80.

Natural gas in U.S. storage for the week stands at 2.985 trillion cubic feet