Commodity Outlook for Natural Gas by KediaCommodity

Natural GasNatural gas yesterday traded with the positive node and settled 0.97% up at 258.2. Some support had been seen from the crude also which closed up by 1.63%, and closed at 3374. In yesterday's trading session natural gas has touched the low of 257.7 after opening at 257.8, and finally settled at 258.2. For today's session market is looking to take support at 257.6, a break below could see a test of 256.9 and where as resistance is now likely to be seen at 259, a move above could see prices testing 259.7.

Natural Gas trading range is 256.9-259.7.

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

Now resistance is at 260.60 above this a rally till 262 can be seen.

Overall market above 254 look strong for the resistance till 270

BUY NAT. GAS FEB @ 254 SL 249 TGT 258.50-261.50-264.MCX

NATURAL GAS $ IS TRADING AT : 5.66$