Natural gas tumbled pressured by a U.S. government report showing a modest draw from gas inventories as milder weather kept a lid on prices. The U.S. Energy Information Administration reported a pull from gas storage of 116 billion cubic feet for the week. Natural Gas yesterday we have seen that market has moved -3.52%. Market has opened at 219.4 & made a low of 210.2 versus the day high of 222.4. The total volume for the day was at 31527 lots and the open interest was at 13438.Now support for the Natural Gas is seen at 206.9 and below could see a test of 202.4. Resistance is now likely to be seen at 219.1, a move above could see prices testing 226.8.

Trading Ideas:

Natural Gas trading range is 202.4-226.8.

Natural gas dropped yesterday as supply surplus widens

Now resistance is at 214.20 above this a rally till 217-220 can be seen.

The U.S. EIA reported a pull from gas storage of 116 billion cubic feet for the week

BUY NAT.GAS MAR ABV 213 SL 210.40 TGT 215-216.80-218.MCX