Natural gas yesterday traded with the positive node and settled 2.17% up at 175.3, climbing to a three-day high amid indications of increased demand after forecasts for colder than average temperatures in key gas-heating areas in the U.S. next week. At NYMEX, natural gas futures for April delivery traded at USD3.844 per mbtu during U.S. morning trade, jumping 1.05%. The Commodity Weather Group said earlier in the day that it expected colder-than-normal temperatures across most of the U.S. in mid-March. Below normal winter temperatures increase the need for gas-fired electricity to heat homes, boosting demand for natural gas.In yesterday's trading session natural gas has touched the low of 168.8 after opening at 170.9, and finally settled at 175.3. For today's session market is looking to take support at 170.8, a break below could see a test of 166.2 and where as resistance is now likely to be seen at 177.9, a move above could see prices testing 180.4.

Trading Ideas:

Natural Gas trading range is 166.2-180.4.

Natural gas ended higher amid indications of increased demand

Natural gas looks to have a support at 172.40 and resistance at 177.80

Stocks were 9bcf lower than last year at this time and 15bcf below five-year average of 1.760bcf.