Natural gas finished lower weighed down by forecasts of mild weather in the major gas-consuming regions and robust domestic supplies.  Normal or warmer-than-normal temperatures across most of the U.S. through the second week of February were expected to limit the demand for natural gas for heating. Natural Gas yesterday we have seen that market has moved -7.12%. Market has opened at 264.6 & made a low of 242.4 versus the day high of 264.6. The total volume for the day was at 39504 lots and the open interest was at 7062.Now support for the Natural Gas is seen at 236 and below could see a test of 228.1. Resistance is now likely to be seen at 258.2, a move above could see prices testing 272.5.

Trading Ideas:

Natural gas trading range is 230-255.

Natural gas finished lower on forecasts of mild weather in the major gas-consuming regions

Now resistance is at 246.20 above this a rally till 249-252 can be seen.

Today Natural Gas Storage: Exp: -102B Prev: -245B

SELL NAT GAS JAN @ 245-246 SL 248.80 TGT 243.20-240.80-238.60.MCX