Natural gas yesterday traded in the range and finally closed up by 0.33% at 179.30 amid speculation increased Japanese gas needs would lift global prices for the heating fuel. Earlier in the day, European Union energy chief Guenther Oettinger said that Japan's crippled Fukushima Daiichi nuclear power plant risked provoking a "major disaster." "The site is effectively out of control. In the coming hours, there could be further catastrophic events," he added. Japanese officials said that 11 nuclear reactors were damaged as a result of Friday's quake. In yesterday's trading session natural gas has touched the low of 177.1 after opening at 180.4, and finally settled at 179.3. For today's session market is looking to take support at 177, a break below could see a test of 174.8 and where as resistance is now likely to be seen at 181.6, a move above could see prices testing 184.

Trading Ideas:

Natural Gas trading range is 174.8-184.

Natural gas gained amid speculation increased Japanese gas needs would lift global prices for heating fuel

Natural gas looks to test support at 177 and resistance is seen at 181.60.

Today natural gas storage: EXP: -41B PREV: -71B