Natural gas fell as forecasts showed milder weather in the U.S. Northeast and Midwest, limiting demand for the power-plant fuel. The lack of market reaction to Tropical Storm Hermine just confirms that sentiment is bearish. U.S. gas stockpiles increased by 54 billion cubic feet to 3.106 trillion in the week ended Aug. 27, the Energy Department reported last week. Natural Gas yesterday we have seen that market has moved -0.49%. Market has opened at 182.5 & made a low of 177.8 versus the day high of 183.8. The total volume for the day was at 54037 lots and the open interest was at 24284.Now support for the Natural Gas is seen at 178.1 and below could see a test of 175. Resistance is now likely to be seen at 184.1, a move above could see prices testing 187.

Trading Ideas:

Natural Gas trading range is 175-187.

Natural gas fell as forecasts showed milder weather limiting demand

Natural gas looks to take resistance at 184.10 and support at 178.10

Lack of market reaction to Tropical Storm Hermine just confirms that sentiment is bearish.