Natural gas ended firm on short covering after prices fell for two days continuously after a government report showed that U. S. natural gas inventories increased for the first time since early November. According to the data, total U. S. natural gas storage in the week ended March 25 stood at 1.624 trillion cubic feet. Stocks were 12 billion cubic feet less than last year at this time and 68 billion cubic feet above the five-year average of 1.556 trillion cubic feet for this time of year. Scheduled natural gas deliveries to U. S. households fell for a fourth day on forecasts for higher temperatures from Illinois to Georgia that may reduce demand for the heating fuel. For today's session market is looking to take support at 193.9, a break below could see a test of 193 and where as resistance is now likely to be seen at 195.4, a move above could see prices testing 196.

Trading Ideas:

Natural Gas trading range is 193-196.

Natural gas ended firm Saturday on shortcovering after prices fell in last 2 session.

Natural gas looks to test support at 191.60 and resistance is seen at 197.20

Scheduled natural gas deliveries to U. S. households fell for a fourth day on forecasts for higher temperatures