Natural gas fell to fresh 13-month lows after a U.S. government report showed inventories continued to close in on last year's record levels, adding to the oversupply worry that has pressured the market for months. Energy Information Administration reported an increase of 93 billion cubic feet in US natural gas inventories in the week ended October 15. Natural Gas yesterday we have seen that market has moved -5.46%. Market has opened at 158.6 & made a low of 149.6 versus the day high of 158.6. The total volume for the day was at 66214 lots and the open interest was at 27905.Now support for the Natural Gas is seen at 147.2 and below could see a test of 143.9. Resistance is now likely to be seen at 156.2, a move above could see prices testing 161.9.

Trading Ideas:

Natural Gas trading range is 143.9-161.9.

Natural gas slump to 13-month lows after storage build

Natural gas looks to test support at 147.20 and resistance is seen at 153.20.

EIA reported an increase of 93 billion cubic feet in US natural gas inventories