Natural gas ended slightly higher as traders booked profits, amid ample supplies of gas in storage and some forecasts for milder temperatures. The market is entering the busiest portion of the Atlantic hurricane season, when storms are more likely to develop and perhaps go on to threaten gas supplies in the U.S. Gulf of Mexico.

Natural Gas yesterday we have seen that market has moved 0.15%. Market has opened at 202.6 & made a low of 202.3 versus the day high of 202.9. The total volume for the day was at 667 lots and the open interest was at 17592.Now support for the Natural Gas is seen at 202.2 and below could see a test of 201.9. Resistance is now likely to be seen at 202.8, a move above could see prices testing 203.1.

Trading Ideas:

Natural Gas trading range is 201.9-203.1.

Natural gas ended slightly higher on short covering amid ample supplies of gas

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

The market is entering the busiest portion of the Atlantic hurricane season