Commodity Tips :- Natural Gas Trading Range For The Day Is 169.9-178.5

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Natural Gas trading range for the day is 169.9-178.5.

 

Natural Gas gained on short covering after prices dropped ahead to weekly data from the U.S. on supplies in storage to gauge demand for the fuel.

 

However, upside seen limited amid speculation the start of spring will bring warmer temperatures throughout the U.S. and cut into demand for the fuel.

 

Market participants looked ahead to the storage data, which is expected to show a draw of 11 billion cubic feet (bcf) in the week ended April 6.

 

Total natural gas in storage currently stands at 1.354 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.

 

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