Natural gas recovered its losses and settled flat supported by bargain buying and as traders eyed forecasts of a winter storm in the Northeast later this week. Natural Gas yesterday we have seen that market has moved -0.09%. Market has opened at 225.2 & made a low of 223.1 versus the day high of 229. The total volume for the day was at 16617 lots and the open interest was at 8293.Now support for the Natural Gas is seen at 222.9 and below could see a test of 220.1. Resistance is now likely to be seen at 228.8, a move above could see prices testing 231.9.

Trading Ideas:

Natural Gas trading range is 219-229.

Natural gas recovered its losses and settled flat supported by bargain buying

Now resistance is at 228.80 above this a rally till 232-234 can be seen.

Today natural gas storage: Exp: -165B Prev: -190B

BUY NAT.GAS MAR ABV 228 SL 225 TGT 230.50-232.40-236.MCX