Natural gas ended positive but failed to extend its gains ahead of the release of natural gas storage data expected to show a smaller-than-normal build in gas supplies, and as storm activity in the Gulf of Mexico remained unthreatening to U.S. energy infrastructure. The U.S. Energy Information Administration is expected to show a smaller-than-normal build in gas supplies last week in data. Natural Gas yesterday we have seen that market has moved 0.79%. Market has opened at 202 & made a low of 200.1 versus the day high of 205.3. The total volume for the day was at 46163 lots and the open interest was at 17613.Now support for the Natural Gas is seen at 200.2 and below could see a test of 197.6. Resistance is now likely to be seen at 205.4, a move above could see prices testing 208.

Trading Ideas:

Natural Gas trading range is 197.6-208.

Natural gas ended positive but failed to extend its gains ahead of release of storage data

Natural gas looks to take resistance at 205.40 and support is at 200.20.

Today natural gas storage: Exp: 35B VS Prev: 29B