Natural gas yesterday traded flat and settled 0.05% up at 201.5 pressure had been withnessed for the second day in three after a government report showed that U.S. stockpiles didn’t drop enough to erase a surplus as the weather turns warmer. Gas prices slipped after the Energy Department report showed that inventories fell 189 billion cubic feet in the week ended Jan. 28 to 2.353 trillion. Supplies would have had to tumble by 195 billion to leave stockpiles below the five-year average. Milder weather forecast for mid-February would crimp demand for the heating fuel.In yesterday's trading session natural gas has touched the low of 199.2 after opening at 202, and finally settled at 201.5. For today's session market is looking to take support at 198.3, a break below could see a test of 195 and where as resistance is now likely to be seen at 205.7, a move above could see prices testing 209.8.

Trading Ideas:

Natural Gas trading range is 195-209.8.

Natural gas ended flat after report showed that U.S. stockpiles didn’t drop enough to erase surplus

Natural gas looks to have a support at 198.40 and resistance at 204.20

Energy Department report showed that inventories fell 189 billion cubic feet

NATURAL GAS  $ IS TRADING AT : 4.36$