Natural gas fell on signs that the U.S. recovery from the worst recession since the 1930s has slowed as companies cut jobs and manufacturing forecast to expand at the slowest pace in a year. Production increased by 2 billion cubic feet per day in the last week of July and the first ten days of August. Natural Gas yesterday we have seen that market has moved -2.59%. Market has opened at 181.5 & made a low of 175.9 versus the day high of 183. The total volume for the day was at 66531 lots and the open interest was at 25417.Now support for the Natural Gas is seen at 174.7 and below could see a test of 171.7. Resistance is now likely to be seen at 181.8, a move above could see prices testing 185.9.

Trading Ideas:

Natural Gas trading range is 171.7-185.9.

Natural gas fell after economic reports show U.S. recovery is slowing

Natural gas looks to take resistance at 181.80 and support at 174.70

Today natural gas storage: Exp: 56B Prev: 40B