Natural gas yesterday traded with the positive node and settled 1.98% up at 176.5 to a two-day high on Monday, amid indications of increased demand after forecasts for colder than average temperatures in the U. S. next week. It earlier rose to USD3.933 per million British thermal units, the highest price since February 17. Weather service provider WSI Corp. said on Friday that it expected a cooler weather outlook in the beginning of March for most of the major gas-heating regions in the U. S. Colder-than-normal winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas.

Meanwhile, prices were boosted after the U. S. EIA said in its weekly natural gas storage report released last Thursday that total U. S. natural gas storage in the week ended February 11 stood at stood at 1.911 trillion cubic feet. For today's session market is looking to take support at 174.5, a break below could see a test of 172.5 and where as resistance is now likely to be seen at 178, a move above could see prices testing 179.5.

Trading Ideas: Natural Gas trading range is 172.5-179.5. Natural gas ended higher amid indications of increased demand after forecasts for colder than average temperatures. Natural gas looks to have a support at 173.20 and resistance at
179.80 Prices were boosted after EIA said in its weekly natural gas storage report released last Thursday. NATURAL GAS $ IS TRADING AT : 3.97$