Natural gas fell as Atlantic storms moved away from production regions in the Gulf of Mexico and milder weather reduced demand from power plants. A total of 7.9 billion cubic feet of gas production was shut in from June through August because of storms, lower than the projection of 57.4 billion, the Energy Department said in its monthly Short-Term Energy Outlook on Sept. 8. Natural Gas yesterday we have seen that market has moved -4.28%. Market has opened at 183.9 & made a low of 174.6 versus the day high of 183.9. The total volume for the day was at 63367 lots and the open interest was at 30050.Now support for the Natural Gas is seen at 172.8 and below could see a test of 169. Resistance is now likely to be seen at 182.1, a move above could see prices testing 187.6.

Trading Ideas:

Natural Gas trading range is 169-187.6.

Natural gas drops as threat of storm disruptions eases in Gulf of Mexico

Natural gas looks to take resistance at 179.80 and support at 172.80.

Total of 7.9bcf of gas production was shut in from June through August because of storms