Natural gas ended higher amid forecasts for hot weather, as a potential storm-threat to gas production loomed in the Atlantic Basin. Hot weather can also slow the rate at which gas is injected into storage, cutting into the relative gas surplus. Gas inventories have swelled this year as producers unlocked new gas supplies from prolific onshore shale-gas fields. Natural Gas yesterday we have seen that market has moved 0.37%. Market has opened at 213.5 & made a low of 211.5 versus the day high of 217.8. The total volume for the day was at 45409 lots and the open interest was at 7886.Now support for the Natural Gas is seen at 210.8 and below could see a test of 208. Resistance is now likely to be seen at 217.1, a move above could see prices testing 220.6.

Trading Ideas:

Natural Gas trading range is 208-220.6.

Natural gas ended higher amid forecasts for hot weather

Natural gas looks to take resistance at 217.10 and support is at 210.80.

Hot weather can also slow the rate at which gas is injected into storage