Natural gas climbed on forecasts of below-normal temperatures that may spark greater demand for the heating fuel. The number of oil and natural-gas rigs operating in the U.S. fell for the first time in four weeks, led by declines in natural-gas drilling. Gas rigs dropped by 19 to 936, the biggest one-week decline since June. The total is down 42 percent from a peak of 1,606 in September 2008. Natural Gas yesterday we have seen that market has moved 0.74%. Market has opened at 189.5 & made a low of 189.5 versus the day high of 192.8. The total volume for the day was at 3006 lots and the open interest was at 7512.Now support for the Natural Gas is seen at 189 and below could see a test of 187.6. Resistance is now likely to be seen at 192.3, a move above could see prices testing 194.2.

Trading Ideas:

Natural Gas trading range is 187.6-194.2.

Natural gas climbed on forecasts of below-normal temperatures

Natural gas looks to test support at 187.60 and resistance is seen at 193.20.

Gas rigs dropped by 19 to 936, the biggest one-week decline since June.