Natural gas rose on concern a storm that’s developing in the southeastern Caribbean Sea may move into gas production regions in the Gulf of Mexico. This hurricane season so far has had less of an impact on Gulf gas production than had been projected by the government. All five major Atlantic hurricanes stayed away from the main Gulf gas production facilities. Natural Gas yesterday we have seen that market has moved 2.72%. Market has opened at 175.9 & made a low of 174.7 versus the day high of 183.2. The total volume for the day was at 78394 lots and the open interest was at 21889.Now support for the Natural Gas is seen at 176.3 and below could see a test of 171.2. Resistance is now likely to be seen at 184.8, a move above could see prices testing 188.2.

Trading Ideas:

Natural Gas trading range is 171.2-188.2.

Natural gas rose on concern storm may strengthen

Natural gas looks to take resistance at 184.80 and support at 176.30.

This hurricane season so far has had less of an impact on Gulf gas production