Natural gas rose on a less-than-expected storage build and indications that cold weather may soon prompt a draw-down of bloated supplies. Prices rebounded following the data's release, though. And they were further bolstered by a National Oceanic and Atmospheric Administration forecast that predicted temperatures would dip below 40 degrees Fahrenheit along the East Coast into Florida and across the Gulf Coast next week. Natural Gas yesterday we have seen that market has moved 0.88%. Market has opened at 169.8 & made a low of 164.8 versus the day high of 172.6. The total volume for the day was at 78856 lots and the open interest was at 14859.Now support for the Natural Gas is seen at 166.7 and below could see a test of 161.8. Resistance is now likely to be seen at 174.5, a move above could see prices testing 177.4.

Trading Ideas:

Natural Gas trading range is 161.8-177.4.

Natural gas rose on a less-than-expected storage build

Natural gas looks to test support at 169.20 and resistance is seen at 174.50.

EIA said natural gas inventories grew by 71 billion cubic feet last week