Natural gas tumbled amid ample stockpiles and reduced likelihood that a hurricane will curtail production in the Gulf of Mexico. Gas stockpile levels rose by 40 billion cubic feet in the week ended Aug. 20 to 3.052 trillion cubic feet, the Energy Department said last week. Inventories at the end of October will climb to 3.752 trillion cubic feet, according to the agency. Natural Gas yesterday we have seen that market has moved -0.49%. Market has opened at 182.3 & made a low of 177.3 versus the day high of 184.4. The total volume for the day was at 48327 lots and the open interest was at 22851.Now support for the Natural Gas is seen at 178.2 and below could see a test of 174.2. Resistance is now likely to be seen at 185.3, a move above could see prices testing 188.4.

Trading Ideas:

Natural Gas trading range is 174.2-188.4.

Natural gas yesterday tumbled amid ample stockpiles

Natural gas looks to take resistance at 185.30 and support at 178.20

Inventories at the end of October will climb to 3.752 trillion cubic feet