Natural-gas finished higher as traders bought back previously sold contracts and booked profits ahead of the weekend amid expectations for some hot weather in the coming weeks. Nevertheless, expectations of an intense Atlantic hurricane season were supporting gas prices. Natural Gas yesterday we have seen that market has moved 0.72%. Market has opened at 223 & made a low of 223 versus the day high of 225. The total volume for the day was at 926 lots and the open interest was at 5438.Now support for the Natural Gas is seen at 222.7 and below could see a test of 221.9. Resistance is now likely to be seen at 224.7, a move above could see prices testing 225.9.

Trading Ideas:

Natural Gas trading range is 221.9-225.9.

Natural gas finished higher amid expectations for some hot weather in the coming weeks.

Natural gas is taking support at 222.20 below this looks till 220-218 level

Nevertheless, expectations of an intense Atlantic hurricane season were supporting gas prices

BUY NAT.GAS @ 220 SL 217.50 TGT 222.40-225.60-228.MCX