Natural gas finished in positive after a volatile trading day as traders weighed mixed weather forecasts against weak demand and a glut of gas in storage. The U. S. Energy Information Administration reported a build in gas inventories of 20 billion cubic feet for the week ended Nov. 13. Natural Gas yesterday we have seen that market has moved 0.5%. Market has opened at 198 & made a low of 194.5 versus the day high of 203.8. The total volume for the day was at 45629 lots and the open interest was at 13682. Now support for the Natural Gas is seen at 195.00 and below could see a test of 190.10. Resistance is now likely to be seen at 204.30, a move above could see prices testing 208.70.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 180-215.

NATURAL GAS SHOWED VOLATILITY TRADING WEIGHED BY MIXED WEATHER FORECASTS AGAINST WEAK DEMAND

BUY NAT GAS DEC ABV 220 SL 216 TGT 222.50-226-229.20. MCX

NOW RES IS AT 201.20 ABV THIS A RALLY TILL 203-205 CAN BE SEEN.

THE U. S. EIA REPORTED A BUILD IN GAS INVENTORIES OF 20 BILLION CUBIC FEET