Natural Gas yesterday we have seen that market has moved -0.48% as forecasts for a return to normal temperatures in major gas-heating markets near the end of the month weighed on prices. Gas stockpiles will total 1.833 trillion cubic feet at the end of the winter heating season in March, about 171 billion cubic feet higher than at the end of March 2010, the Energy Department said. Market has opened at 186 & made a low of 184.3 versus the day high of 187. The total volume for the day was at 1259 lots and the open interest was at 21275. Now support for the Natural Gas is seen at 184.6 and below could see a test of 183.1. Resistance is now likely to be seen at 187.3, a move above could see prices testing 188.5.

Trading Ideas:

Natural Gas trading range is 183.1-188.5.

Natural gas fell as forecasts for a return to normal temperatures weighed

Natural gas looks to test support at 184.60 and resistance is seen at 188.50.

Gas stockpiles will total 1.833 trillion cubic feet at the end of the winter heating season in March