Natural gas fell as a new U.S. storage record was set. The loss wiped out gains made earlier this week on the expectations that cold weather would finally prompt heating demand and cut into swelling domestic supplies. The Energy Information Administration reported that 19 billion cubic feet of gas were added to U.S. inventories during the week ended Nov. 5. Natural Gas yesterday we have seen that market has moved -1.83%. Market has opened at 185.9 & made a low of 181.7 versus the day high of 189.7. The total volume for the day was at 44695 lots and the open interest was at 13831.Now support for the Natural Gas is seen at 179.4 and below could see a test of 176.5. Resistance is now likely to be seen at 187.4, a move above could see prices testing 192.5.

Trading Ideas:

Natural Gas trading range is 176.5-192.5.

Natural gas fell as a new U.S. storage record was set

Natural gas looks to test support at 179.40 and resistance is seen at 184.80.

Energy Information Administration reported that 19 billion cubic feet