Natural gas ended lower on expectations for an increase in domestic production amid fading winter weather. Natural gas in U.S. storage for the week ended Feb. 19 stood at 1.853 trillion cubic feet--2.9% below last year's levels and 0.7% above the five-year average.  Producers have also begun putting rigs back to work. The number of rigs drilling for natural gas, while still down from its peak September 2008 peak of 1,606 rigs, has climbed about 19% over the last few months to 905 rigs, Natural Gas yesterday we have seen that market has moved -1.77%. Market has opened at 220.2 & made a low of 216 versus the day high of 225. The total volume for the day was at 17167 lots and the open interest was at 10547.Now support for the Natural Gas is seen at 213.7 and below could see a test of 210.3. Resistance is now likely to be seen at 222.7, a move above could see prices testing 228.3.

Trading Ideas:

Natural Gas trading range is 210.3-228.3.

Natural gas ended lower on expectations for an increase in domestic production.

Now resistance is at 219.80 above this a rally till 222-224 can be seen.

The National Weather Service forecast colder-than-normal temperatures for coming week.

BUY NAT.GAS MAR ABV 218.40 SL 215.60 TGT 220.20-223.40-226.MCX