Natural gas prices slipped as strong supplies trumped concerns over potential production outages as the heart of hurricane season arrives. Storm activity can shut gas supplies in the U.S. Gulf of Mexico, an energy-rich region representing about 11% of domestic gas output. Natural Gas yesterday we have seen that market has moved -1.89%. Market has opened at 200.9 & made a low of 195.9 versus the day high of 201.2. The total volume for the day was at 32771 lots and the open interest was at 18045.Now support for the Natural Gas is seen at 195.1 and below could see a test of 192.8. Resistance is now likely to be seen at 200.4, a move above could see prices testing 203.4.

Trading Ideas:

Natural Gas trading range is 192.8-203.4.

Natural gas prices slipped as strong supplies trumped hurricane concerns

Natural gas looks to take resistance at 200.40 and support is at 195.10.

Total natural gas storage: Exp: 32B Prev: 37B