Natural Gas settled 2.77% up at 184.40 in the line of expectation despite forecasts calling for warmer than normal autumn temperatures and investors resumed bullish bets after a brief pullback in prices. Updated weather forecasts showed warmer than normal temperatures were expected across much of the US Midwest and East Coast over the next two weeks, dampening early Autumn heating demand for natural gas. According to the CWG, spikes of "much above normal temperatures" in the Midwest are expected in the next six-to-10 days, while the East Coast will see similar weather patterns in the next 11-to-15 days. Natural gas often reach a seasonal low in October, when mild weather reduces demand, before recovering in the winter, when heating-fuel use peaks. Ongoing concerns over bloated US inventory levels also added to the selling pressure. Gas stockpiles ended March roughly 60% above the five-year average for that time of year. But a hotter than normal summer, coupled with a switch by power plants to burning gas from more expensive coal helped reduce the storage surplus to just 8.3% above average as of last week, which has pulled prices higher. As investors look ahead to winter, some are beginning to focus more on weather over the next few months instead of the next two weeks, particularly amid the shrinking supply glut. For today's session market is looking to take support at 178.8, a break below could see a test of 173.3 and where as resistance is now likely to be seen at 187.9, a move above could see prices testing 191.5.

Trading Ideas:

Nat.Gas trading range for the day is 173.27-191.47.

Natural gas settled higher as investors wade back into the market ahead of the winter heating season.

Investors to focus more on weather over the next few months, particularly amid the shrinking supply glut.

Updated weather forecasts released Monday showed warmer-than-normal temperatures were expected across much of the U.S. Midwest