Natural gas slipped pressured by balmy temperatures across most of the eastern U.S. Mild weather in the major gas-consuming regions was reducing the demand for natural gas for heating. The moderate temperatures were expected to continue over the next three weeks. Natural Gas yesterday we have seen that market has moved -1.81%. Market has opened at 208.7 & made a low of 203.5 versus the day high of 208.7. The total volume for the day was at 22217 lots and the open interest was at 12795.Now support for the Natural Gas is seen at 203.9 and below could see a test of 201.1. Resistance is now likely to be seen at 209.1, a move above could see prices testing 211.5.

Trading Ideas:

Natural Gas trading range is 201.1-211.5.

Natural gas slipped pressured by balmy temperatures across most of the eastern U.S.

Now resistance is at 209.20 above this a rally till 212-214 can be seen.

Mild weather in the major gas-consuming regions was reducing the demand for natural gas

BUY NAT.GAS MAR @ 204-205 SL 201.80 TGT 206.80-209-212.MCX