Natural gas ended lower as ample supplies and a weak demand outlook continued to weigh on the market. Natural-gas prices typically rise at this time of year in anticipation of winter's heating needs, but prices have been shackled by a persistent supply overhang and projections for continued high levels of production. Natural Gas yesterday we have seen that market has moved -1.35%. Market has opened at 157.2 & made a low of 155.1 versus the day high of 157.2. The total volume for the day was at 2623 lots and the open interest was at 34054.Now support for the Natural Gas is seen at 154.8 and below could see a test of 153.9. Resistance is now likely to be seen at 156.9, a move above could see prices testing 158.1.

Trading Ideas:

Natural Gas trading range is 153.9-158.1.

Natural gas ended lower as ample supplies and weak demand outlook continued to weigh

Natural gas looks to test support at 153.90 and resistance is seen at 158.10.

High supplies continue to pressure prices, as U.S. inventories have expanded by more than average.