Natural-gas ended lower as traders sold contracts and booked profits after recent price advances, despite expectations for warmer weather and anticipation of a seasonal demand shift. At the same time, high levels of natural gas in storage are weighing on prices. Natural Gas yesterday we have seen that market has moved -0.45%.

Market has opened at 202 & made a low of 197.3 versus the day high of 205.3. The total volume for the day was at 20938 lots and the open interest was at 6489. Now support for the Natural Gas is seen at 196.1 and below could see a test of 192.7. Resistance is now likely to be seen at 204.1, a move above could see prices testing 208.7.

Trading Ideas:

Natural Gas trading range is 192.7-208.7.

Natural-gas ended lower as traders booked profits

Now resistance is at 200.80 above this a rally till 202-204 can be seen.

High levels of natural gas in storage are weighing on prices

BUY NAT. GAS MAY ABV 200 SL 198.80 TGT 201.50-203-204.50. MCX