Natural gas yesterday recovered after an earlier decline after a revised forecast showed colder weather that may boost demand for the heating fuel. Support had been seen from Administration's Global Forecast System that showed colder weather in the central and eastern U.S. in early January than had previously been predicted. Today trader will eye on gas inventory which may report a larger-than-average withdrawal from U.S. gas inventories after cold weather in the eastern U.S. last week.

Trading Ideas:

Natural Gas trading range is 178.3-189.5.

Gas rose after report that colder weather in US will be higher than previously been predicted.

Natural gas looks to test support at 183.20 and resistance is seen at 188.60.

Today natural gas storage: Exp: -170B Prev: -164B

BUY NAT.GAS JAN ABV 190.50 SL 188.50 TGT 192.50-195-198.MCX