Natural gas advanced amid indications of rising demand, as forecasts of cooler-than-normal weather in most parts of the U.S. boosted prices. Total U.S. natural gas demand this winter was expected to rise to an average of 79.8 billion cubic feet per day, up from 77.9 billion cubic feet per day last year. Natural Gas yesterday we have seen that market has moved 2.9%. Market has opened at 175.5 & made a low of 175.5 versus the day high of 183.3. The total volume for the day was at 32773 lots and the open interest was at 11523.Now support for the Natural Gas is seen at 176.4 and below could see a test of 172.1. Resistance is now likely to be seen at 184.2, a move above could see prices testing 187.7.

Trading Ideas:

Natural Gas trading range is 172.1-187.7.

Natural gas advanced as forecasts of cooler-than-normal weather boosted prices

Natural gas looks to test support at 176.40 and resistance is seen at 184.20.

Today natural gas storage: Exp: 11B Prev: 19B