Natural-gas rose as buyers re-entered a market at prices that had fallen to their lowest level in almost six weeks. Friday's buying was bolstered by forecasts for warmer-than-normal weather in the eastern U.S. during the next two weeks—potentially lifting demand for gas-fired electricity to power air conditioners—and a declining number of drilling rigs aiming for natural gas. The number of rigs drilling for gas fell by eight from the week before to 866-the lowest level since January 2010. Natural Gas yesterday we have seen that market has moved 0.89%. Market has opened at 190 & made a low of 190 versus the day high of 192. The total volume for the day was at 1557 lots and the open interest was at 3808.Now support for the Natural Gas is seen at 190.1 and below could see a test of 189.1. Resistance is now likely to be seen at 192.1, a move above could see prices testing 193.1.

Trading Ideas:

Natural Gas trading range is 189.1-193.1.

Natural-gas rose as buyers re-entered a market after prices dropped in last few sessions

Natural gas looks to test support at 189.20 and resistance is seen at 193.80

Number of rigs drilling for gas fell by eight from the week before to 866 - lowest level since January 2010.