Natural gas ended steady amid expectations for a smaller-than-average decline in U.S. gas stockpiles last week, despite forecasts for more cold weather that can boost demand for the fuel. Natural Gas yesterday we have seen that market has moved 0.2%. Market has opened at 252.2 & made a low of 249.7 versus the day high of 256.4. The total volume for the day was at 23421 lots and the open interest was at 5713.Now support for the Natural Gas is seen at 250.30 and below could see a test of 246.60. Resistance is now likely to be seen at 257.00, a move above could see prices testing 260.00.

Trading Ideas:

Natural gas trading range is 240-265.

Natural gas ended steady amid expectations for a smaller-than-average decline in U.S. gas stockpiles

Now resistance is at 256.60 above this a rally till 260-262 can be seen.

Today natural gas storage: Exp: -123B Prev: -86B

BUY NAT. GAS FEB @ 250 SL 247 TGT 253.80-256.50-258.MCX