Natural gas yesterday traded with the positive node and settled 0.48% up at 188.9. Some support had been seen from the crude also which closed up by 0.49%, and closed at 3729. In yesterday's trading session natural gas has touched the low of 185.4 after opening at 187.4, and finally settled at 188.9. For today's session market is looking to take support at 186.2, a break below could see a test of 183.4 and where as resistance is now likely to be seen at 190.9, a move above could see prices testing 192.8. Spread between natural gas MAR & APR contracts yesterday ended at 3.60, we have seen yesterday that the natural gas market had traded with a positive node and settled 0.48% up. Spread yesterday traded in the range of 3.3 - 3.6.

Trading Ideas:

Natural Gas trading range is 183.4-192.8.

Natural gas yesterday ended positive in range bound trading on slight short covering

Now resistance is at 190.20 above this a rally till 193-195 can be seen.

Spread between natural gas MAR & APR contracts yesterday ended at 3.60

SELL NAT.GAS APR @ 188-189 SL 190.80 TGT 186.80-185-183.50.MCX