Natural gas rose for a second consecutive day on bargain buying as market participants who had bet that gas prices would fall bought back those positions to profit from the market's recent declines. Strong production has left the U. S. market well supplied, and the overhang since has stifled attempts at a seasonal rally and pressured prices lower. Natural Gas yesterday we have seen that market has moved 1.99%. Market has opened at 156.6 & made a low of 156.6 versus the day high of 160.3. The total volume for the day was at 40957 lots and the open interest was at 26021. Now support for the Natural Gas is seen at 157.1 and below could see a test of 155. Resistance is now likely to be seen at 160.8, a move above could see prices testing 162.4.

Trading Ideas:

Natural Gas trading range is 155-162.4.

Natural gas rose for a second consecutive day on bargain buying

Natural gas looks to test support at 157.10 and resistance is seen at 160.80.

Today natural gas storage: Exp: 87B Prev: 91B