Natural gas finished down on a more moderate weather outlook and ample supplies of the fuel in storage. The natural gas rig count, an indicator of where supplies are headed, is on the rise. The natural gas rig count increased last week to 992 rigs, up nine from the previous week. Natural Gas yesterday we have seen that market has moved -2.32%. Market has opened at 202.9 & made a low of 196.3 versus the day high of 203.9. The total volume for the day was at 35068 lots and the open interest was at 18020. Now support for the Natural Gas is seen at 194.7 and below could see a test of 191.7. Resistance is now likely to be seen at 202.3, a move above could see prices testing
206.9.

Trading Ideas:

Natural Gas trading range is 191.7-206.9.

Natural gas finished down on a more moderate weather outlook

Natural gas looks to take resistance at 200 and support is at 194.70.

The natural gas rig count increased last week to 992 rigs.