Commodity Outlook For Natural Gas By KediaCommodity, Natural gas prices ended lower after release of a U. S. storage report that caused prices to briefly tumble below Wednesday’s close. Inventories fell 23 billion cubic feet in the week ended Nov. 26 to 3.814 trillion cubic feet, the Energy Department said. Natural Gas yesterday we have seen that market has moved -2.04%. Market has opened at 196.4 & made a low of 191.4 versus the day high of 200.5. The total volume for the day was at 55619 lots and the open interest was at 18900. Now support for the Natural Gas is seen at 189 and below could see a test of 185.7. Resistance is now likely to be seen at
198.1, a move above could see prices testing 203.9.
Trading Ideas:
Natural Gas trading range is 185.7-203.9.
Natural gas prices ended lower after release of U. S. storage report
Natural gas looks to test support at 189 and resistance is seen at 195.40.
Inventories fell 23 billion cubic feet in the week ended Nov. 26 � EIA
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