Natural gas ended steady after paring gains on Friday as oil prices slipped and a U.S. government report showed that natural gas production climbed in November. Natural gas prices faced pressure from falling crude oil prices and a report that showed a slight uptick in natural gas output from the lower-48 states. Natural Gas yesterday we have seen that market has moved 0.13%. Market has opened at 238.7 & made a low of 238.6 versus the day high of 240.1. The total volume for the day was at 436 lots and the open interest was at 6387.Now support for the Natural Gas is seen at 238.70 and below could see a test of 237.90. Resistance is now likely to be seen at 240.20, a move above could see prices testing 240.90.

Trading Ideas:

Natural gas trading range is 228-252.

Natural gas ended steady after paring gains on Friday as oil prices slipped

Now resistance is at 240.80 above this a rally till 242-244 can be seen.

U.S. government report showed that natural gas production climbed in November

SELL NAT GAS FEB @ 342 SL 346.50 TGT 339.80-335.60-332.MCX