Natural Gas Trading Range For The Day Is 190.3-194.5 - Commodity Market Tips

Natural Gas prices traded in range as traders react to the reality that higher summer demand for the commodity is coming to an end. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 97 billion cubic feet in the week ended September 15. That compared with a build of 91 billion cubic feet (bcf) in the preceding week and represented a decline of 136 billion from a year earlier but was 67 bcf above the five-year average.

Trading Ideas:

* Natural Gas trading range for the day is 190.3-194.5.

* Natural Gas prices traded in range as traders react to the reality that higher summer demand for the commodity is coming to an end.

* The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 97 billion cubic feet in the week.

* Total U.S. natural gas storage stood at 3.3408 trillion cubic feet, 3.8% lower than levels at this time a year ago.

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