Natural gas yesterday traded with the negative node and settled -0.64% down at 171.3 on the prospect of colder weather but were muted in their climb by anticipation U.S. supplies might hit record levels this month. Some support had been seen from the crude also which closed up by 0.88%, and closed at 3770. In yesterday's trading session natural gas has touched the low of 169.7 after opening at 172.9, and finally settled at 171.3. For today's session market is looking to take support at 169.2, a break below could see a test of 167.1 and where as resistance is now likely to be seen at 173.9, a move above could see prices testing 176.5. Spread between natural gas NOV & DEC contracts yesterday ended at 13.50. Spread yesterday traded in the range of 13.1 - 13.7.

Trading Ideas:

Natural Gas trading range is 167.1-176.5.

Natural gas yesterday traded with the negative node and settled -0.64%

Natural gas looks to test support at 169.20 and resistance is seen at 173.90.

Today natural gas storage: Exp: 62B Prev: 71B