Natural gas ended higher after a choppy trading day bolstered by positive economic data and forecasts of blistering temperatures in the major consuming regions. The warm weather has limited the size of gas injections into underground storage, although inventories remain fairly ample amid robust production. Natural Gas yesterday we have seen that market has moved 1.81%. Market has opened at 216.8 & made a low of 214.6 versus the day high of 220.5. The total volume for the day was at 39753 lots and the open interest was at 9797.Now support for the Natural Gas is seen at 216.2 and below could see a test of 212.4. Resistance is now likely to be seen at 222.1, a move above could see prices testing 224.2.

Trading Ideas:

Natural Gas trading range is 212.4-224.2.

Natural gas ended higher bolstered by positive economic data

Natural gas looks to take resistance at 222.10 and support is at 216.20.

Today natural gas storage: Exp: 32B Prev: 28B