Natural gas ended slightly weak on Saturday after trading higher Friday on anticipation of cold weather, seen likely across the U.S. during the beginning of December, boosted heating demand expectations. Prices have advanced in recent weeks, as anticipation of winter's heating demand outweighed pressure from record-high inventories. Natural gas stockpiles typically increase between April and November before winter heating demand begins to draw from the excess supply. The number of rigs drilling for natural gas increased by 17 this week, to 953. Now support for the Natural Gas is seen at 203.1 and below could see a test of 202.4. Resistance is now likely to be seen at 204.7, a move above could see prices testing 205.6.

Trading Ideas:

Natural Gas trading range is 202.4-205.6.

Natural gas ended slightly weak Saturday after trading higher Friday

Natural gas looks to test support at 201.20 and resistance is seen at 205.60.

The number of rigs drilling for natural gas increased by 17 this week, to 953.