Natural gas ended lower pressured by high production levels and expectations of a sizable build in U. S. inventories despite hot weather. The U. S. Energy Information Administration is expected to report that 76 billion cubic feet of gas were added to storage during the week ended July 9. Natural Gas yesterday we have seen that market has moved -0.89%. Market has opened at 204.8 & made a low of 202.4 versus the day high of 205.2. The total volume for the day was at 29951 lots and the open interest was at 14568. Now support for the Natural Gas is seen at 202.1 and below could see a test of 200.8. Resistance is now likely to be seen at 204.9, a move above could see prices testing 206.4.

Trading Ideas:

Natural Gas trading range is 200.8-206.4.

Natural gas ended lower pressured by high production levels

Natural gas looks to take resistance at 204.90 and support is at 202.10.

Today natural gas storage: Exp: 76B Prev: 78B