Natural gas yesterday traded with the negative node and settled -0.39% down at 180.5 dropping to a daily low as forecasts showed above-normal temperatures across major U.S. gas-heating markets in the coming weeks. Natural gas prices were down nearly 12% in February, and are down almost 18.9% since hitting a 5-month high of $4.828 on Jan 24. Industry weather group WSI said earlier in the day that it expected mild weather across much of the eastern half of the U.S. from Feb. 22 to Feb 26. The U.S. East coast is a key gas-heating market. Above normal winter temperatures decrease the need for gas-fired electricity to heat homes, reducing demand for natural gas. For today's session market is looking to take support at 178.3, a break below could see a test of 176.1 and where as resistance is now likely to be seen at 182.4, a move above could see prices testing 184.3.

Trading Ideas:

Natural Gas trading range is 176.1-184.3.

Natural gas declined as forecasts showed above-normal temperatures

Natural gas looks to have a support at 177.80 and resistance at 183.20

Today natural gas storage: EXP: -233B PREV: -209B

NATURAL GAS  $ IS TRADING AT : 3.93$