Natural gas ended down but recovered most of its losses in the prospect of colder weather but were muted in their climb by anticipation U.S. supplies might hit record levels this month. Gas prices have struggled to trade above 175 as U.S. inventory levels are expected to grow beyond the near-record 3.754 trillion cubic feet recorded in storage at the end of the last week. Natural Gas yesterday we have seen that market has moved -0.35%. Market has opened at 172.1 & made a low of 167.7 versus the day high of 175.7. The total volume for the day was at 77096 lots and the open interest was at 15621.Now support for the Natural Gas is seen at 168.2 and below could see a test of 163.9. Resistance is now likely to be seen at 176.2, a move above could see prices testing 179.9.

Trading Ideas:

Natural Gas trading range is 163.9-179.9.

Natural gas ended down but recovered most of its losses in prospect of colder weather

Natural gas looks to test support at 170.20 and resistance is seen at 176.20.

U.S. inventory levels are expected to grow beyond the near-record 3.754 trillion cubic feet