Natural gas fell as forecasters predicted milder weather in the U.S. Northeast that would curb demand. Inventories are forecast to surpass 3.8 trillion cubic feet at the end of October due to high production rates and a milder summer relative to last year, the Energy Information Administration said this month. New production and consumption data from the EIA were supposed to be released Friday, but have been delayed until Aug. 2. Tropical Storm Don has caused oil-and-gas producers to limit some production in the Gulf of Mexico, but the gulf accounts for just more than 7% of U.S. natural-gas production. The number of rigs in the U.S. drilling for natural gas fell this week. There were 877 rigs drilling natural-gas wells this week, down by 12 from the previous week. The previous two weeks saw increases in the count. In yesterday's trading session natural gas has touched the low of 184.5 after opening at 184.6, and finally settled at 185.1. For today's session market is looking to take support at 184.6, a break below could see a test of 184.1 and where as resistance is now likely to be seen at 185.5, a move above could see prices testing 185.9.

Trading Ideas:

Natural Gas trading range is 184.1-185.9.

Natural gas fell as forecasters predicted milder weather that would curb demand.

There were 877 rigs drilling natural-gas wells this week, down by 12 from the previous week.

Natural gas looks to test support at 183.70 and resistance is seen at 187.