Natural gas rose on anticipation that demand for electricity from gas-fired power generators will increase as coal plants shut for annual maintenance. US power plants often schedule repairs for April and May, after heating needs decline with the end of winter and before higher temperatures increase demand for power to run air conditioners. The U.S. Energy Information Administration is expected to report that 79 billion cubic feet of gas were added to storage during the week ended April 16.Natural Gas yesterday we have seen that market has moved 1.07%. Market has opened at 176.8 & made a low of 175.2 versus the day high of 180.3. The total volume for the day was at 28099 lots and the open interest was at 12928.Now support for the Natural Gas is seen at 175.4 and below could see a test of 172.8. Resistance is now likely to be seen at 180.5, a move above could see prices testing 183.

Trading Ideas:

Natural Gas trading range is 172.8-183.

Natural gas rose on anticipation that demand for electricity from gas-fired power generators will increase

Now resistance is at 179.60 above this a rally till 182-184 can be seen.

Today natural gas storage: Exp: 77B Prev: 87B

BUY NAT. GAS @ 174-175 SL 172 TGT 178.20-180.50.MCX