Natural gas slid more than 4% as traders cashed out of the market to profit from its recent advance. U.S. production showed an increase in September for the third consecutive month, the EIA said Monday in a separate report. Production in the lower 48 states totaled 66.33 billion cubic feet a day in September, a 0.7% increase from an upwardly revised 65.85 bcf a day in August. September production was up 8.1% compared with the year-earlier period. Natural Gas yesterday we have seen that market has moved -4.67%. Market has opened at 204.2 & made a low of 193.5 versus the day high of 207.8. The total volume for the day was at 55126 lots and the open interest was at 16384.Now support for the Natural Gas is seen at 189.6 and below could see a test of 184.4. Resistance is now likely to be seen at 203.9, a move above could see prices testing 213.

Trading Ideas:

Natural Gas trading range is 184.4-213.

Natural gas slid more than 4% on profit booking

Natural gas looks to test support at 191.60 and resistance is seen at 197.20.

U.S. production showed an increase in September for the third consecutive month  - EIA