Natural gas trades up on overseas demand

Natural gas yesterday traded with the negative node and settled -3.09% down at 184.3 for a fourth day on Wednesday, dropping to the lowest level in three weeks as forecasts showed warmer-than-normal temperatures in the U.S. next week, dampening demand expectations for the heating fuel.
It earlier fell to USD4.186 per million British thermal units, the lowest price since March 18. Earlier in the day, the Commodity Weather Group said that it expected above normal temperatures for most of the U.S. Southwest and East Coast through mid-April.
The report was expected to show that U.S. natural gas inventories dropped by 50 billion cubic feet, after rising by 12 billion cubic feet in the preceding week, as a burst of colder-than-normal weather boosted demand for the heating fuel.
For today's session market is looking to take support at 182.2, a break below could see a test of 180.2 and where as resistance is now likely to be seen at 187.8, a move above could see prices testing 191.4.
Trading Ideas:
Natural Gas trading range is 180.2-191.4.
Natural gas ended down as forecasts showed warmer-than-normal temperatures in the U.S. next week
Natural gas looks to test support at 182.20 and resistance is seen at 187.80.
Today natural gas storage: EXP: -51B PREV: 12B

(Source: http://www.commodityonline.com/futures-trading/tradingtips/Natural-gas-trades-up-on-overseas-demand-12418.html)