Natural gas settled down as pushed lower by a mild weather outlook and copious supplies. Gas prices slid as traders look ahead to seasonably moderate temperatures in the major gas-consuming regions over the next three weeks. The spring like weather was expected to curb the demand for natural gas for heating. Natural Gas yesterday we have seen that market has moved -0.99%. Market has opened at 201.6 & made a low of 200.2 versus the day high of 201.6. The total volume for the day was at 2322 lots and the open interest was at 13584.Now support for the Natural Gas is seen at 200 and below could see a test of 199.4. Resistance is now likely to be seen at 201.4, a move above could see prices testing 202.2.

Trading Ideas:

Natural Gas trading range is 199.4-202.2.

Natural gas settled lower pushed lower by a mild weather outlook and copious supplies

Now resistance is at 202.20 above this a rally till 205-207 can be seen else 198 level.

Gas prices slid as traders look ahead to seasonably moderate temperatures

BUY NAT.GAS MAR ABV 201.20 SL 198.90 TGT 202.40-204.20-206.MCX