Natural Gas yesterday we have seen that market has moved 3.5% as forecasts for widespread cold across the eastern U. S. and expectations for a larger-than-normal weekly withdrawal from gas stockpiles pushed prices to their highest levels since early August. The Energy Information Administration is expected to report Thursday that 93 billion cubic feet of gas was withdrawn from storage during the week ended Friday. Market has opened at 199 & made a low of 198.3 versus the day high of 207.9. The total volume for the day was at 43108 lots and the open interest was at 14058. Now support for the Natural Gas is seen at 201 and below could see a test of 194.8. Resistance is now likely to be seen at 210.6, a move above could see prices testing 214.

Trading Ideas:

Natural Gas trading range is 194.8-214.

Natural gas ended higher as expectations of larger weekly withdrawal of stockpiles pushed prices

Natural gas looks to test support at 210.60 and resistance is seen at 204.80.

Today natural gas storage: Exp: -83B Prev: -23B