Commodity Outlook for Natural gas by Kedia Commodity

Commodity Outlook for Natural gas by Kedia CommodityNatural gas yesterday traded with the negative node and settled -2.29% down at 248.5. Some support had been seen from the crude also which closed up by 3.13%, and closed at 3543. In yesterday's trading session natural gas has touched the low of 247.4 after opening at 254.9, and finally settled at 248.5.

For today's session market is looking to take support at 244.9, a break below could see a test of 241.4 and where as resistance is now likely to be seen at 254.5, a move above could see prices testing 260.6.

Natural Gas trading range is 241.4-260.6.

Natural gas dropped as the market eyed ample gas supplies

Now resistance is at 251.40 and support is seen at 244 level.

Temperature forecasts will have less influence over price as winter fades

BUY NAT. GAS FEB @ 245.50 SL 242.40TGT 248.20-250-253.40-255.MCX

NATURAL GAS $ IS TRADING AT : 5.36$