Natural Gas prices have been on the rise amid expectations for cold weather that can boost demand for the fuel to heat homes and businesses and help draw down relatively high stockpiles of the fuel. The EIA is expected to report that 175 billion cubic feet of gas were withdrawn from storage during the week ended Dec. 11.

Natural Gas yesterday we have seen that market has moved 0.67%. Market has opened at 255.5 & made a low of 252.3 versus the day high of 259.8. The total volume for the day was at 40018 lots and the open interest was at 6996. Now support for the Natural Gas is seen at 252.90 and below could see a test of 248.80. Resistance is now likely to be seen at 260.40, a move above could see prices testing 263.80.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 242-270.

NATURAL GAS PRICES HAVE BEEN ON THE RISE AMID EXPECTATIONS FOR COLD WEATHER

WAIT FOR FRESH ENTRY

NOW RES IS AT 259.60 ABV THIS A RALLY TILL 263-265 CAN BE SEEN.

TODAY NATURAL GAS STORAGE: EXP: -175B PREV:-64B