Natural gas rose sharply despite forecasts for mild weather, after The Wall Street Journal reported that the U.S. Department of Energy has been overstating U.S. natural gas output. Natural Gas yesterday we have seen that market has moved 2.62%. Market has opened at 185.1 & made a low of 179.3 versus the day high of 191.5. The total volume for the day was at 45093 lots and the open interest was at 11472.Now support for the Natural Gas is seen at 183 and below could see a test of 175.1. Resistance is now likely to be seen at 195.2, a move above could see prices testing 199.5.

Trading Ideas:

Natural Gas trading range is 175.1-199.5.

Natural gas rose after the report that energy department has been overstating U.S. natural gas output

Now resistance is at 193.40 above this a rally till 195-197 can be seen.

Expectations for mild weather were helping keep a lid on price advances.

NAT.GAS AS PER EXPECTATION ABV 182 JUMPED TILL 190. WAIT FOR FRESH ENTRY