Natural gas finished higher as traders weighed forecasts of continued cold weather against ample inventories. Gas traders were looking ahead to forecasts of frigid temperatures in the eastern and central U. S. over the next three weeks. The wintry weather was expected to spark substantial demand for natural gas for heating.

Natural Gas yesterday we have seen that market has moved 1%. Market has opened at 271.6 & made a low of 271.5 versus the day high of 272.7. The total volume for the day was at 794 lots and the open interest was at 7526. Now support for the Natural Gas is seen at 271.60 and below could see a test of 270.90. Resistance is now likely to be seen at 272.80, a move above could see prices testing 273.30.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 255-285.

NATURAL GAS FINISHED HIGHER ON FORECASTS OF CONTINUED COLD WEATHER

NOW RES IS AT 276.40 ABV THIS A RALLY TILL 280-283 CAN BE SEEN.

THE WINTER WEATHER WAS EXPECTED TO SPARK SUBSTANTIAL DEMAND FOR NATURAL GAS

BUY NAT GAS DEC @ 268-270 SL 265 TGT 272.50-275.80-278-282.MCX