Commodity Outlook for Natural Gas by Kedia Commodity
Natural gas yesterday traded with the negative node and settled -0.67% down at 254. Some support had been seen from the crude also which closed up by 0.61%, and closed at 3433. In yesterday's trading session natural gas has touched the low of 253.2 after opening at 254.4, and finally settled at 254. For today's session market is looking to take support at 253.3, a break below could see a test of 252.7 and where as resistance is now likely to be seen at 254.5, a move above could see prices testing 255.1.
Natural Gas trading range is 252.7-255.1.
Natural gas finished lower as the market eyed ample gas supplies
Now resistance is at 251.40 above this a rally till 254-256 can be seen.
Temperature forecasts will have less influence over price as winter fades
BUY NAT. GAS FEB @ 250-252 SL 247.50 TGT 254.80-256.20-259.MCX
NATURAL GAS $ IS TRADING AT : 5.47$