Natural gas yesterday traded with the negative node and settled -2.52% down at 202.1. Some support had been seen from the crude also which closed up by 0.31%, and closed at 3853. The number of energy rigs operating in the U. S. rose to the highest level in more than 22 months, led by an advance in natural-gas rigs. In yesterday's trading session natural gas has touched the low of 200.3 after opening at 206.6, and finally settled at 202.1. For today's session market is looking to take support at 199.4, a break below could see a test of 196.7 and where as resistance is now likely to be seen at 205.7, a move above could see prices testing 209.3. Spread between natural gas DEC & JAN contracts yesterday ended at 3.00. Spread yesterday traded in the range of 2.4 - 3.2.

Trading Ideas:

Natural Gas trading range is 196.7-209.3.

Natural gas yesterday traded with the negative node and settled -2.52% down on profit booking

Natural gas looks to test support at 199.40 and resistance is seen at 205.70.

Spread between natural gas DEC & JAN contracts yesterday traded in the range of 2.4 - 3.2.