Natural gas rose to the highest price in more than three weeks on speculation that a tropical weather system may develop in the Caribbean early next week and threaten energy production regions of the Gulf of Mexico. Natural Gas yesterday we have seen that market has moved 1.5%. Market has opened at 186.2 & made a low of 178.8 versus the day high of 190.7. The total volume for the day was at 111053 lots and the open interest was at 20429. Now support for the Natural Gas is seen at 181.7 and below could see a test of 174.3. Resistance is now likely to be seen at 193.6, a move above could see prices testing 198.1.

Trading Ideas:

Natural Gas trading range is 174.3-198.1.

Natural gas rose on speculation that tropical weather system may develop in Caribbean next week

Natural gas looks to take resistance at 193.60 and support at 185.20.

EIA reports showed natural gas storage came at 103B