Natural gas trimmed all of its gains to end flat despite forecasts for hot weather next week, as a potential storm threat to production in the U. S. Gulf of Mexico weakened. The U. S. Energy Information Administration is expected to report Thursday that 53 billion cubic feet of gas were added to storage during the week ended July 16.

Natural Gas yesterday we have seen that market has moved -0.09%. Market has opened at 215.4 & made a low of 212.6 versus the day high of 219.7. The total volume for the day was at 50188 lots and the open interest was at 7417. Now support for the Natural Gas is seen at 210.8 and below could see a test of 208.1.

Resistance is now likely to be seen at 217.9, a move above could see prices testing 222.3. Trading Ideas: Natural Gas trading range is 208.1-222.3. Natural gas ended flat as potential storm threat to production in U. S. Gulf of Mexico weakened Natural gas looks to take resistance at 217.90 and support is at 210.80. Today natural gas storage Exp: 53B Prev: 78B BUY NAT.GAS @ 213.50 SL 210 TGT 215.50-218.60-221.50.MCX