Natural gas declined reversing earlier gains, on speculation that a midday update to a government weather model will show moderating temperatures that may reduce heating demand. China produced 8.42 billion cubic meters of natural gas in November, up 5.8% from a year earlier, according to data issued by the National Bureau of Statistics.  Natural Gas yesterday we have seen that market has moved -0.9%. Market has opened at 201.8 & made a low of 195.7 versus the day high of 206. The total volume for the day was at 56632 lots and the open interest was at 19593.Now support for the Natural Gas is seen at 194.7 and below could see a test of 190. Resistance is now likely to be seen at 205, a move above could see prices testing 210.6.

Trading Ideas:

Natural Gas trading range is 190-210.6.

Natural gas ended down on moderate weather outlook

Natural gas looks to test support at 195.80 and resistance is seen at 202.40.

China produced 8.42 billion cubic meters of natural gas in November