Natural gas yesterday traded with the positive node and settled 0.29% marginal up at 174.8 overall sentimental is weak as U.S. natural gas inventories fell less than average last week. It earlier fell to 172.20 mbtu, the lowest since November 17, 2010. Natural gas prices were down nearly 13.2% in February, and have dropped almost 20.6% since hitting a 5-month high of USD4.828 on January 24. The U.S. EIA was due to release its weekly report on U.S. natural gas stockpiles for the week ended February 18 on Thursday. The report could show that U.S. natural gas inventories dropped by 73 billion cubic feet. The five-year average withdrawal for the week is 148 billion cubic feet. In yesterday's trading session natural gas has touched the low of 172.7 after opening at 175.3, and finally settled at 174.8. For today's session market is looking to take support at 173.1, a break below could see a test of 171.3 and where as resistance is now likely to be seen at 176.2, a move above could see prices testing 177.5.

Trading Ideas:

Natural Gas trading range is 175-181.8.

Natural gas rose as forecasts show colder weather, increasing demand for the heating fuel.

Natural gas looks to have a support at 176.80 and resistance at 182.60

Today natural gas storage: EXP: -73B PREV: -233B