Natural gas yesterday traded with the positive node and settled 4.56% up at 208.3 to a 3-week high amid thin trade in the first session of 2011, as forecasts of colder-than-normal weather in key heating areas in the U.S. boosted expectations for increased demand. According to the industry group, temperatures may be as much as 15 degrees below normal in parts of the Midwest throughout the period. Colder-than-normal winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas.For today's session market is looking to take support at 202, a break below could see a test of 195.6 and where as resistance is now likely to be seen at 211.7, a move above could see prices testing 215.

Trading Ideas:

Natural Gas trading range is 195.6-215.

Nat. Gas jumped getting forecasts of colder-than-normal weather

Natural gas looks to test support at 205.20 and resistance is seen at 211.80.

Colder-than-normal winter temperatures increase the need for gas, boosting demand for natural gas

BUY NAT.GAS JAN ABV 209.50 SL 206.50 TGT 212-215.20-218.50.MCX

NATURAL GAS  $ IS TRADING AT : 4.62$