Natural gas finished lower, pressured by a report showing an uptick in drilling activity last week despite a sharp decline in prices for the fuel since the beginning of the year. Gas inventories remain ample, notwithstanding large withdrawals from storage during the winter heating season. Gas in U.S. storage as of March 19 totaled 1.626 trillion cubic feet, 8% above the five-year average for the same week. Natural Gas yesterday we have seen that market has moved -2.35%. Market has opened at 182.1 & made a low of 178.1 versus the day high of 182.1. The total volume for the day was at 3655 lots and the open interest was at 13485.Now support for the Natural Gas is seen at 177.1 and below could see a test of 175.6. Resistance is now likely to be seen at 181.1, a move above could see prices testing 183.6.

Trading Ideas:

Natural Gas trading range is 175.6-183.6.

Natural gas finished lower pressured by a report showing an uptick in drilling activity

Now resistance is at 180.20 above this a rally till 182-184 can be seen.

Gas in U.S. storage as of March 19 totaled 1.626 trillion cubic feet

NATURAL GAS LOOK TO TRADE IN THE RANGE 175-182 LEVEL