Natural gas rose on forecasts of below-normal temperatures in the eastern U.S. that may increase demand for the fuel. Gas also rose on speculation a recovering U.S. economy will boost industrial demand. Gas stockpiles will reach 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. Natural Gas yesterday we have seen that market has moved 1.74%. Market has opened at 185.7 & made a low of 183 versus the day high of 189.9. The total volume for the day was at 34085 lots and the open interest was at 19911.Now support for the Natural Gas is seen at 185 and below could see a test of 180.5. Resistance is now likely to be seen at 191.9, a move above could see prices testing 194.3.

Trading Ideas:

Natural Gas trading range is 180.5-194.3.

Natural gas rose on forecasts of below-normal temperatures in the eastern U.S.

Natural gas looks to test support at 186.60 and resistance is seen at 191.90.

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