Natural Gas yesterday we have seen that market has moved -0.38% dipped after a government report showed that U. S. stockpiles fell more than expected last week. Gas inventories declined by 184 billion cubic feet in the week ended Dec. 17 to 3.368 trillion cubic feet, the Energy Department. Temperatures in the northern Midwest may average below- normal in January, February and March, according to the National Weather Service. Gas inventories have been declining since Nov. 19 as cold weather sparks demand for the heating fuel. Now support for the Natural Gas is seen at 182 and below could see a test of 179.3. Resistance is now likely to be seen at 187.7, a move above could see prices testing 190.7.

Trading Ideas:

Natural Gas trading range is 179.3-190.7.

Natural Gas dipped after a government report showed that U. S. stockpiles fell more than expected last week

Natural gas looks to test support at 182.20 and resistance is seen at 187.40

Gas inventories declined by 184 billion cubic feet in the week ended Dec. 17 to 3.368 trillion cubic feet

BUY NAT. GAS JAN ABV 190.50 SL 188.50 TGT 192.50-195-198. MCX