Natural-gas finished lower as more moderate weather forecasts and record-high levels of gas in storage weighed on prices. Cold weather can stoke demand for natural gas used to heat homes and businesses and help draw down storage levels, which are at an all-time high. Natural Gas yesterday we have seen that market has moved -6.74%.

Market has opened at 222.5 & made a low of 209.2 versus the day high of 222.9. The total volume for the day was at 45602 lots and the open interest was at 13735. Now support for the Natural Gas is seen at 205.40 and below could see a test of 200.40. Resistance is now likely to be seen at 219.10, a move above could see prices testing 227.80.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 195-225.

NATURAL-GAS FINISHED LOWER AS MORE MODERATE WEATHER FORECASTS WEIGHED

SELL NAT.GAS DEC @ 212-213 SL 216.60 TGT 208.60-204.50-201.20.MCX (LOW QTY)

NOW RES IS AT 213.80 ABV THIS A RALLY TILL 217-220 CAN BE SEEN.

TODAY NATURAL GAS STORAGE: EXP: 1B PREV: 2B