Natural gas ended lower due to mild weather outlook, robust supplies and the year's first build in gas inventories. Natural-gas prices have fallen more than 30% since January, pressured by increasingly moderate temperatures with the arrival of spring and a high volume of gas output from onshore rock formations known as shales. Natural Gas yesterday we have seen that market has moved -3.88%. Market has opened at 187.5 & made a low of 179.5 versus the day high of 187.5. The total volume for the day was at 28461 lots and the open interest was at 9942.Now support for the Natural Gas is seen at 177.7 and below could see a test of 174.6. Resistance is now likely to be seen at 185.7, a move above could see prices testing 190.6.

Trading Ideas:

Natural Gas trading range is 174.6-190.6.

Natural gas ended lower due to mild weather outlook and build in gas inventories

Now resistance is at 182.40 above this a rally till 185-186 can be seen.

Natural-gas prices have fallen more than 30% since January

BUY NAT.GAS APR ABV 182 SL 180.20 TGT 184.20-186-188.50.MCX