Natural gas ended the week higher as weather forecasts for the next two weeks turned colder across some major gas-heating markets, lifting demand expectations for the heating fuel. Natural-gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts for late-January and February on heating demand. Market has opened at 204.7 & made a low of 203.6 versus the day high of 204.9. The total volume for the day was at 967 lots and the open interest was at 14550.Now support for the Natural Gas is seen at 203.3 and below could see a test of 202.8. Resistance is now likely to be seen at 204.6, a move above could see prices testing 205.4.

Trading Ideas:

Natural Gas trading range is 202.8-205.4.

Natural gas ended the week firm as weather forecasts for the next two weeks turned colder

Natural gas looks to have a support at 200.80 and resistance at 206.40.

Gas inventories may total 1.774 trillion cubic feet by the end of March