Natural gas yesterday traded with the negative node and settled -0.56% down at 178.1 to a three-month low on Thursday, after a government report showed that U.S. natural gas stockpiles declined less than average last week. It earlier fell to USD3.790 per mBtu, the lowest since November 16, 2010. The U.S. EIA said in its weekly report that natural gas storage in the U.S. fell slightly more-than-expected in the week ended February 18, dropping by 81bcf, after declining by 233 billion cubic feet in the preceding week. Market had expected U.S. natural gas storage to fall by 73bcf. The five-year average withdrawal for the week is 148bcf. According to the data, total U.S. natural gas storage in the week ended Feb 18 stood at 1.830 trillion cubic feet. Stocks were 48bcf lower than last year at this time and 61bcf below the five-year average of 1.891bcf for this time of year. For today's session market is looking to take support at 175.7, a break below could see a test of 173.3 and where as resistance is now likely to be seen at 180.8, a move above could see prices testing 183.5.

Trading Ideas:

Natural Gas trading range is 171.3-177.5.

Natural gas fell after report showed that U.S natural gas stockpiles declined less than average last week.

Natural gas looks to have a support at 175.80 and resistance at 181.60

The EIA reported that U.S. gas stockpiles fell by 81 billion cubic feet last week

NATURAL GAS  $ IS TRADING AT : 3.877$