Natural Gas yesterday we have seen that market has moved -1.43% as prices were weighed by forecasts of moderate temperatures in key heating areas in the U.S. next week.  Meanwhile, lingering concerns that U.S. natural gas inventories were ample to meet the needs of even an unusually cold winter also weighed on prices. U.S. gas stockpiles totaled 3.561 trillion cubic feet for the week ended Dec. 10, 9.9 percent above the five-year average and 1 percent below last year’s level. Market has opened at 190 & made a low of 185.9 versus the day high of 192.3. The total volume for the day was at 37680 lots and the open interest was at 18361.Now support for the Natural Gas is seen at 184.3 and below could see a test of 181.9. Resistance is now likely to be seen at 190.7, a move above could see prices testing 194.7.

Trading Ideas:

Natural Gas trading range is 181.9-194.7.

Natural gas ended weak as prices were weighed by forecasts of moderate temperatures

Natural gas looks to test support at 184.30 and resistance is seen at 188.60.

U.S. gas stockpiles for the week ended Dec. 10 was 9.9 percent above the five-year average