Natural Gas yesterday we have seen that market has moved 1.23% on short covering after prices declined in last few sessions declined after the Energy Department said U. S. production of the fuel rose for a fourth month in November. U. S. natural gas production rose 1.1 percent in November, gaining for a fourth month as output from wells in Louisiana increased, the Energy Department reported. Gross gas production climbed to 76.05 billion cubic feet a day from a revised 75.25 billion in October, the department’s Energy Information Administration said in a monthly report known as EIA-914.

Market has opened at 200 & made a low of 200 versus the day high of 203.4. The total volume for the day was at 1904 lots and the open interest was at 17618. Now support for the Natural Gas is seen at 200.6 and below could see a test of 198.6. Resistance is now likely to be seen at 204, a move above could see prices testing 205.4. Trading Ideas: Natural Gas trading range is 198.6-205.4. Natural Gas on Saturday ended positive on short covering Natural gas looks to have a support at 200.20 and resistance at 205.40 U. S. natural gas production rose 1.1 percent in November