Natural Gas yesterday we have seen that market has moved -2.86% as slightly warmer weather forecasts and bloated inventories pressured prices lower. Natural gas typically rise in anticipation of winter's boost to gas-heating demand. Gas stockpiles as of Dec. 3 stood at 3.725 trillion cubic feet, the federal Energy Information Administration said, 9.8% higher than the five-year average. The excess supply is widely seen meeting the heating needs of even an unusually cold winter. Market has opened at 199.5 & made a low of 193 versus the day high of 200.3. The total volume for the day was at 39827 lots and the open interest was at 23290.Now support for the Natural Gas is seen at 191 and below could see a test of 188.3. Resistance is now likely to be seen at 198.3, a move above could see prices testing 202.9.

Trading Ideas:

Natural Gas trading range is 188.3-202.9.

Natural gas ended lower as slightly warmer weather forecasts pressured prices lower

Natural gas looks to test support at 191 and resistance is seen at 196.40.

Natural gas typically rise in anticipation of winter's boost to gas-heating demand