Natural gas finished flat Saturday after rising higher Friday bolstered by forecasts of hot weather and an active hurricane season in the Atlantic. Unusually warm temperatures were expected to spark demand for natural gas to generate electricity for cooling over the next few weeks. Predictions of an active Atlantic hurricane season were also bolstering gas prices.

Natural Gas yesterday we have seen that market has moved 0.05%. Market has opened at 203.1 & made a low of 202.3 versus the day high of 204. The total volume for the day was at 369 lots and the open interest was at
6226. Now support for the Natural Gas is seen at 202.5 and below could see a test of 201.6. Resistance is now likely to be seen at 204.2, a move above could see prices testing 205.

Trading Ideas:

Natural Gas trading range is 201.6-205.

Natural gas finished flat Saturday after rising Friday bolstered by forecasts of hot weather

Unusually warm temperatures were expected to spark demand for natural gas

Supplies rose 104 billion cubic feet the week ended May 21 to 2.269 trillion cubic feet

BUY NAT.GAS JUNE @ 198 SL 195 TGT 201.20-204.MCX