Natural gas ended lower as falling crude prices and mild weather forecasts weighed on the market. The U. S. Energy Information Administration is expected to report that natural gas storage levels for the week ended Jan. 15 declined by 214 billion cubic feet.

Natural Gas yesterday we have seen that market has moved -2.04%. Market has opened at 259 & made a low of 252.5 versus the day high of 259. The total volume for the day was at 27406 lots and the open interest was at 8233. Now support for the Natural Gas is seen at 251.4 and below could see a test of 248.7. Resistance is now likely to be seen at 257.9, a move above could see prices testing 261.7.

Trading Ideas:

Natural gas trading range is 240-265.

Natural gas ended lower as mild weather forecasts weighed on prices

Now resistance is at 257.20 above this a rally till 260-263 can be seen.

Today natural gas storage: Exp: -214B Prev: -266B

SELL NAT GAS JAN @ 255 SL 259.20 TGT 253.20-250.80-249.MCX