Natural gas finished higher propelled by forecasts of scorching temperatures across the eastern U. S. Hotter-than-normal temperatures in the major-gas-consuming regions were lifting gas prices. The U. S. Energy Information Administration is expected to report that 31 billion cubic feet of gas were added to storage during the week ended July 23. Natural Gas yesterday we have seen that market has moved 2.4%. Market has opened at 218.3 & made a low of 218.3 versus the day high of 228.8. The total volume for the day was at 56151 lots and the open interest was at 6373. Now support for the Natural Gas is seen at 217.5 and below could see a test of 212.6. Resistance is now likely to be seen at 228, a move above could see prices testing 233.6.

Trading Ideas:

Natural Gas trading range is 212.6-233.6.

Natural gas finished higher propelled by forecasts of scorching temperatures

Natural gas looks to take resistance at 225.80 and support is at 217.50.

Today natural gas storage: Exp: 31B Prev: 51B.