Natural gas ended slightly higher, supported by higher crude oil prices and bargain-buying despite mild weather forecasts. The U. S. Energy Information Administration is expected to report that 130 billion cubic feet of gas were withdrawn from storage during the week ended Feb. 26. Natural Gas yesterday we have seen that market has moved 0.92%.

Market has opened at 217.5 & made a low of 215.2 versus the day high of 219.6. The total volume for the day was at 18441 lots and the open interest was at 10424. Now support for the Natural Gas is seen at 216.3 and below could see a test of 213.5. Resistance is now likely to be seen at 220.7, a move above could see prices testing 222.3.

Trading Ideas:

Natural Gas trading range is 213.5-222.3.

Natural gas ended higher supported by higher crude oil prices and bargain-buying

Now resistance is at 221.80 above this a rally till 224-226 can be seen.

Today natural gas storage: Exp: -130B Prev: -172B

SELL NAT. GAS MAR BELOW 218.50 SL 222.80 TGT 217.20-215-212.80. MCX