Natural gas finished lower as traders booked profits amid expectations for more moderate temperatures in the coming weeks. Natural Gas yesterday we have seen that market has moved -2.59%. Market has opened at 269.3 & made a low of 262.6 versus the day high of 270.9. The total volume for the day was at 38687 lots and the open interest was at 6863.Now support for the Natural Gas is seen at 260.5 and below could see a test of 257.4. Resistance is now likely to be seen at 268.8, a move above could see prices testing 274.

Trading Ideas:

Natural gas trading range is 250-275.

Natural gas finished lower on profit booking on expectations of moderate temperatures

Now resistance is at 266.80 above this a rally till 269-272 can be seen.

Production in Louisiana gained 14% through the first 10 months of 2009

SELL NAT.GAS JAN @ 268 SL 272 TGT 265.80-262.50-260-257.50.MCX