Natural gas yesterday traded with the positive node and settled 1.24% up at 185.7 jumping to a 12-day high, amid indications of increased demand after forecasts for colder than average temperatures in key gas-heating areas in the U.S. next week. On the New York Mercantile Exchange, natural gas futures for April delivery traded at USD4.072 per million British thermal units during U.S. morning trade, surging 1.1%. The Commodity Weather Group said earlier in the day that it expected colder-than-normal temperatures across most of the U.S. in mid-March. Chicago was forecast to have a low of 21 degrees Fahrenheit (-6 Celsius) on March 10, eight degrees below normal.Below normal winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas. For today's session market is looking to take support at 181.9, a break below could see a test of 178.2 and where as resistance is now likely to be seen at 188.1, a move above could see prices testing 190.6.

Trading Ideas:

Natural Gas trading range is 178.2-190.6.

Natural gas rose as forecasts showed colder-than-normal weather that may boost demand for the heating fuel

Natural gas looks to have a support at 183.20 and resistance at 188.40

EIA said U.S. natural gas production rose 1.1 percent in December to 76.97 billion cubic feet a day