Natural gas ended down after a government report showed that U.S. inventories gained more than anticipated, widening a surplus of the industrial and power-plant fuel. Supplies rose 87 billion cubic feet in the week ended April 9 to 1.756 trillion cubic feet, the Energy Department report showed. Natural Gas yesterday we have seen that market has moved -5.87%. Market has opened at 186.2 & made a low of 176.8 versus the day high of 187.5. The total volume for the day was at 45777 lots and the open interest was at 14684.Now support for the Natural Gas is seen at 173.6 and below could see a test of 169.8. Resistance is now likely to be seen at 184.3, a move above could see prices testing 191.2.

Trading Ideas:

Natural Gas trading range is 169.8-191.2.

Gas ended down after report showed that inventories gained more than anticipated

Now resistance is at 178.80 above this a rally till 180-182 can be seen.

Supplies rose 87 billion cubic feet in the week ended April 9 to 1.756 trillion cubic feet

BUY NAT.GAS APR @ 179 SL 177.50 TGT 180.50-182.20.MCX