Natural-gas prices extended losses on a mild weather outlook and robust production, hovering near 240 after a government report showed a smaller-than-expected draw from gas stocks last week. Natural gas in U. S. storage for the week ended Jan. 22 stood at 2.521 trillion cubic feet--5% higher than last year and 3.6% above the five-year average Natural Gas yesterday we have seen that market has moved -1.11%.

Market has opened at 243.1 & made a low of 236.3 versus the day high of 245.7. The total volume for the day was at 39385 lots and the open interest was at 6553. Now support for the Natural Gas is seen at 236.4- and below could see a test of 231.60. Resistance is now likely to be seen at 245.8-, a move above could see prices testing
250.40.

Trading Ideas:

Natural gas trading range is 228-252.

Natural-gas prices extended losses on a mild weather outlook and robust production

Now resistance is at 244.20 above this a rally till 246-248 can be seen.

Natural gas in U. S. storage for the week stood at 2.521 trillion cubic feet

BUY NAT GAS FEB @ 338-340 SL 336.50 TGT 342.80-345.60-348..MCX