Natural gas ended positive but pared some of its gains after forecasts showed milder weather in the U.S., reducing demand for the heating fuel. A department report may show that gas stockpiles fell by 6 billion cubic feet last week. It would be the first stockpile decline of this winter heating season. The weekly inventory report is set for release a day earlier than usually because of the Thanksgiving holiday. Natural Gas yesterday we have seen that market has moved 0.36%. Market has opened at 193.2 & made a low of 187.7 versus the day high of 194.7. The total volume for the day was at 27318 lots and the open interest was at 1418.Now support for the Natural Gas is seen at 188.8 and below could see a test of 184.8. Resistance is now likely to be seen at 195.8, a move above could see prices testing 198.8.

Trading Ideas:

Natural Gas trading range is 184.8-198.8.

Natural gas ended positive but pared some of its gains after forecasts showed milder weather

Natural gas looks to test support at 188.80 and resistance is seen at 195.80.

Today natural gas storage: Exp: -6B Prev: 3B