Natural gas posted slight gains as forecasts for cold weather and strength in crude oil helped push prices higher. Traders track weather because colder temperatures increase the demand for natural gas to heat homes and businesses. This week's storage number will be watched closely after a surprisingly large withdrawal from U. S. gas inventories last week. Natural Gas yesterday we have seen that market has moved 0.26%.

Market has opened at 267 & made a low of 259.1 versus the day high of 269.9. The total volume for the day was at 40240 lots and the open interest was at 6019. Now support for the Natural Gas is seen at 260.10 and below could see a test of 254.20. Resistance is now likely to be seen at 270.90, a move above could see prices testing 275.80.

Trading Ideas:

NATURAL GAS TRADING RANGE IS 252-278.

NATURAL GAS POSTED SLIGHT GAINS ON FORECASTS FOR COLD WEATHER AND STRENGTH IN CRUDE PRICES

NOW RES IS AT 269.60 ABV THIS A RALLY TILL 272-275 CAN BE SEEN.

THIS WEEK'S INVENTORIES WILL BE WATCHED CLOSELY AFTER LAST WEEK SURPRISED INVENTORIES

BUY NAT GAS DEC @ 260-262 SL 256.80 TGT 264.50-267.80-270.MCX