Natural gas finished lower after a day of volatile trading, as mild weather and robust production drove prices down while bargain-buying placed upward pressure on the market. Gas prices climbed about 2% in early trading amid bargain-hunting, but later slumped as traders looked to moderate temperatures and abundant supplies. Natural Gas yesterday we have seen that market has moved -0.73%. Market has opened at 180.7 & made a low of 175.5 versus the day high of 184.5. The total volume for the day was at 30936 lots and the open interest was at 13994.Now support for the Natural Gas is seen at 173.9 and below could see a test of 170.2. Resistance is now likely to be seen at 182.9, a move above could see prices testing 188.2.

Trading Ideas:

Natural Gas trading range is 170.2-188.2.

Natural gas finished lower as mild weather and robust production drove prices down

Now resistance is at 179.20 above this a rally till 181-183 can be seen.

Today natural gas storage- Exp: 20B Prev: 11B

SELL NAT.GAS APR @ 180 SL 183.40 TGT 177.80-175.60-173.MCX