Natural gas yesterday traded with the negative node and settled -3.4% down at 176. Some support had been seen from the crude also which closed up by 0.18%, and closed at 3908. In yesterday's trading session natural gas has touched the low of 175.5 after opening at 182.7, and finally settled at 176. For today's session market is looking to take support at 173, a break below could see a test of 170 and where as resistance is now likely to be seen at 181.5, a move above could see prices testing 187. Spread between natural gas NOV & DEC contracts yesterday ended at 10.90. Spread yesterday traded in the range of 10.6 - 11.1.

Trading Ideas:

Natural Gas trading range is 170-187.

Natural gas yesterday traded with the negative node and settled -3.4% down at 176

Natural gas looks to test support at 173 and resistance is seen at 179.40.

Spread between natural gas NOV & DEC contracts yesterday traded in the range of 10.6 - 11.1.