Natural gas yesterday traded with the positive node and settled 0.3% up at 201.4, amid indications of increased demand after forecasts for colder-than-average temperatures in the U.S. Midwest next week. Earlier in the day, the U.S. National Weather Service said that it expected colder-than-normal temperatures across most of the U.S. Midwest and Great Lakes region from February 7 to February 11. Colder-than-normal winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas. Approximately 52% of U.S. households use natural gas for heating, according to the U.S. Energy Department. For today's session market is looking to take support at 199.4, a break below could see a test of 197.4 and where as resistance is now likely to be seen at 203.7, a move above could see prices testing 206.

Trading Ideas:

Natural Gas trading range is 197.4-206.

Natural Gas gained as a frigid weather outlook for the next two weeks boosted demand expectations

Natural gas looks to have a support at 198.20 and resistance at 204.60

Today natural gas storage: EXP: -185B PREV: -174B

BUY NAT GAS FEB @ 201.20 SL 200 TGT 203-205.20-206.50.MCX (BTST)

NATURAL GAS  $ IS TRADING AT : 4.449$