Natural gas rose after companies added more jobs than forecast in August, raising speculation that fuel demand will rebound as the U.S. recovers from the deepest recession since the 1930s. The natural gas market is reacting to improving fundamentals. Natural gas has been so undervalued against coal that demand and prices are bound to increase. Natural Gas yesterday we have seen that market has moved 1.1%. Market has opened at 182.4 & made a low of 182.4 versus the day high of 183.8. The total volume for the day was at 2938 lots and the open interest was at 23062.Now support for the Natural Gas is seen at 182.8 and below could see a test of 181.9. Resistance is now likely to be seen at 184.2, a move above could see prices testing 184.7.

Trading Ideas:

Natural Gas trading range is 181.9-184.7.

Natural gas rose after companies added more jobs than forecast in August

Natural gas looks to take resistance at 186.80 and support at 180.60

The natural gas market is reacting to improving fundamentals