Natural gas fell on expectations of a withdrawal from natural gas inventories similar to last year and traders closing out positions ahead of the extended holiday weekend. The U. S. EIA is expected to report that 143 billion cubic feet of gas were withdrawn from storage during the week ended Dec. 25.

Natural Gas yesterday we have seen that market has moved -1.74%. Market has opened at 275.6 & made a low of 269.3 versus the day high of 277.8. The total volume for the day was at 34724 lots and the open interest was at 6342. Now support for the Natural Gas is seen at 268.10 and below could see a test of 264.40. Resistance is now likely to be seen at 276.60, a move above could see prices testing 281.40.

Trading Ideas:

Natural gas trading range is 255-285.

Natural gas fell on expectations of a withdrawal from natural gas inventories similar to last year

Now resistance is at 274.20 above this a rally till 277-280 can be seen.

Today Natural Gas Storage: Exp: -143B Prev: -166B

BUY NAT. GAS JAN ABV 272 SL 269 TGT 274.80-276.20-279. MCX