Natural gas finished lower, pressured by weaker-than-expected U. S. manufacturing data and profit-taking after the previous day's run-up in prices. Natural Gas yesterday we have seen that market has moved -0.9%. Market has opened at 214 & made a low of 209.2 versus the day high of 219.2. The total volume for the day was at 47430 lots and the open interest was at 12360. Now support for the Natural Gas is seen at 206.50 and below could see a test of 202.80. Resistance is now likely to be seen at 216.50, a move above could see prices testing 222.80.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 198-222.

NATURAL GAS FINISHED LOWER, PRESSURED BY WEAKER-THAN-EXPECTED U. S. MANUFACTURING DATA

BUY NAT GAS NOV ABV 212 SL 208 TGT 215.20-219.50-223. MCX

NOW RES IS AT 212.80 ABV THIS A RALLY TILL 215-218 CAN BE SEEN.

SUPPORT FOR NATURAL GAS IS AT 208.60 BELOW THIS NEXT LVL IS AT 206.20-203.80.

Commodity Analysis by Kedia Commodity, India's Premium Research House,
Mumbai. Check out more commodity reviews at KediaCommodity. com