Natural Gas settled taking flat after bounced on Friday taking a break from their relentless decline despite a report from the U.S. Energy Information Administration indicating the fifth consecutive seasonal injection Thursday, on bottom fishing speculation. The rise marks a rare break for the natural gas market, which has been battered for months by a combination of abundant supply and tepid demand. Natural gas use was in a slump all winter due to a warmer-than-usual season, sending inventories to record highs and raising questions about whether enough capacity exists to store the fuel. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended April 13 rose by 25 billion cubic feet, broadly in line with expectations, after increasing by 8 billion cubic feet in the preceding week. Inventories rose by 42 billion cubic feet in the same week a year earlier, while the five-year average change for the week is an increase of 26 billion cubic feet, according to U.S. Energy Department data. Total U.S. natural gas storage stood at 2.512 trillion cubic feet as of last week. Stocks were 871 billion cubic feet higher than last year at this time and 919 billion cubic feet above the five-year average of 1.593 trillion cubic feet for this time of year. In yesterday's trading session natural gas has touched the low of 100.5 after opening at 100.9, and finally settled at 100.7. For today's session market is looking to take support at 100.5, a break below could see a test of 100.2 and where as resistance is now likely to be seen at 101, a move above could see prices testing 101.2.

Trading Ideas:

Nat.Gas trading range for the day is 100.23-101.23.

Natural gas ended higher taking a break from their relentless decline, though weather forecasts continue to suggest weak demand.

Inventories rose by 42 bcf in same week a year earlier, while five-year average change for week is an increase of 26 bcf

The number of rigs drilling for natural gas rose by seven in the latest week to 631.