Natural gas rose as cold-weather forecasts boosted expectations for gas-heating demand. Natural gas prices declined steadily for much of October, as temperate autumn weather resulted in little demand for gas-fired electricity for air conditioning and low gas-heating needs. Natural Gas yesterday we have seen that market has moved 2.15%. Market has opened at 182.2 & made a low of 181.2 versus the day high of 187.7. The total volume for the day was at 48524 lots and the open interest was at 12453. Now support for the Natural Gas is seen at 182 and below could see a test of 178.3. Resistance is now likely to be seen at 188.5, a move above could see prices testing 191.3.

Trading Ideas:

Natural Gas trading range is 178.3-191.3.

Natural gas rose due to cold weather outlook

Natural gas looks to test support at 182 and resistance is seen at 188.5.

Today natural gas storage: Exp: 24B Prev: 67B