Natural gas yesterday traded with the positive node and settled 1.71% up at 181.2, rebounding from a three-month low as forecasts of colder weather in the U. S. boosted expectations for increased demand for the heating fuel. Earlier this week we have seen natural gas prices fell below 180 level, but sparking some bargain buying from traders reluctant to bet that prices would fall further as forecasts showed cooler weather than initially forecast in the U. S. next week.

The U. S. East Coast is a key gas-heating area. Colder-than-normal winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas. For today's session market is looking to take support at 178.6, a break below could see a test of 175.9 and where as resistance is now likely to be seen at 182.9, a move above could see prices testing 184.5.

Trading Ideas: Natural Gas trading range is 175.9-184.5. Natural gas ended positive as bargain buying and cooler weather forecasts lifted the market. Natural gas looks to have a support at 178.60 and resistance at 184.20 Energy Department may report larger-than-normal withdrawal from U. S. gas inventories on Feb. 17 NATURAL GAS $ IS TRADING AT : NATURAL GAS $ IS TRADING AT : 3.981$