Natural gas recovered its most of the losses as bargain-buying lifted prices despite temperate weather and growing supplies. Gas prices have tumbled about 31% since the beginning of the year on increasingly mild weather and ample supplies. Natural Gas yesterday we have seen that market has moved -0.34%. Market has opened at 177.3 & made a low of 174.8 versus the day high of 180.8. The total volume for the day was at 25719 lots and the open interest was at 13798.Now support for the Natural Gas is seen at 175.5 and below could see a test of 172.2. Resistance is now likely to be seen at 181.5, a move above could see prices testing 184.2.

Trading Ideas:

Natural Gas trading range is 172.2-184.2.

Natural gas recovered its losses as bargain-buying lifted prices despite temperate weather

Now resistance is at 180.20 above this a rally till 182-184 can be seen.

Gas prices have tumbled about 31% since the beginning of the year on increasingly mild weather

BUY NAT.GAS APR @ 181 SL 179 TGT 183.50-185-187.50.MCX