Natural Gas yesterday we have seen that market has moved 3.27% propelled by the arrival of frigid weather throughout much of the country and forecasts that temperatures should continue to slide. The gains were driven by the shock of below-freezing weather that swept across much of the U.S., from Idaho to Tennessee and South Carolina.  Government data have shown that monthly domestic gas production has grown sequentially eight times in the nine-month period ended September. Market has opened at 196.2 & made a low of 196.2 versus the day high of 203.5. The total volume for the day was at 50623 lots and the open interest was at 16103.Now support for the Natural Gas is seen at 197.7 and below could see a test of 193.3. Resistance is now likely to be seen at 205, a move above could see prices testing 207.9.

Trading Ideas:

Natural Gas trading range is 193.3-207.9.

Natural gas ended higher propelled by arrival of frigid weather throughout much of the country

Natural gas looks to test support at 199.20 and resistance is seen at 205.

Govt data showed monthly domestic gas production has grown sequentially eight times till September.