Natural gas ended positive on data showing a smaller-than-expected build in natural gas inventories last week. U.S. Energy Information Administration reported that gas inventories grew by 12 billion cubic feet last week, falling short of consensus expectations for a 20-bcf build. The weekly storage updates are a key indicator for the U.S. gas market of the balance between supply and demand. Natural Gas yesterday we have seen that market has moved 0.11%. Market has opened at 185.5 & made a low of 184.9 versus the day high of 186.2. The total volume for the day was at 1367 lots and the open interest was at 11887.Now support for the Natural Gas is seen at 185.2 and below could see a test of 184.4. Resistance is now likely to be seen at 186.5, a move above could see prices testing 187.

Trading Ideas:

Natural Gas trading range is 184.4-187.

Natural gas ended positive on data showing a smaller-than-expected build in inventories

Now resistance is at 187.20 above this a rally till 190 can be seen.

U.S. EIA reported that gas inventories grew by 12 billion cubic feet last week

BUY NAT.GAS APR @ 184 SL 182 TGT 186.50-188.90-191.MCX