Natural gas tumbled after government data showed an unusually large build in U.S. gas inventories. The U.S Energy Information Administration reported a build in U.S inventories of 31 billion cubic feet for the week ended April 2. Natural Gas yesterday we have seen that market has moved -3.7%. Market has opened at 181.1 & made a low of 172.2 versus the day high of 183.2. The total volume for the day was at 50834 lots and the open interest was at 16468.Now support for the Natural Gas is seen at 170.1 and below could see a test of 165.7. Resistance is now likely to be seen at 181.1, a move above could see prices testing 187.7.

Trading Ideas:

Natural Gas trading range is 165.7-187.7.

Natural gas tumbled after government data showed an unusually large build in inventories

Now resistance is at 176.20 above this a rally till 178-180 can be seen.

The U.S EIA reported a build in U.S inventories of 31 billion cubic feet

BUY NAT.GAS APR ABV 176 SL 174 TGT 178.50-180.60-182.20.MCX