Natural gas finished lower on profit booking after rising on Friday driven by data showing a drop in gas drilling activity last week. Gas prices rose as traders, who have been betting heavily on falling gas prices, bought back previously sold positions ahead of the weekend. Moderate temperatures were expected to curb demand for natural gas for heating and cooling over the next few weeks. Natural Gas yesterday we have seen that market has moved -0.63%. Market has opened at 189.3 & made a low of 188.1 versus the day high of 189.8. The total volume for the day was at 1478 lots and the open interest was at 8525.Now support for the Natural Gas is seen at 188.3 and below could see a test of 187.3. Resistance is now likely to be seen at 190, a move above could see prices testing 190.7.

Trading Ideas:

Natural Gas trading range is 187.3-190.7.

Natural gas finished lower on profit booking after rising on Friday

Now resistance is at 190.40 above this a rally till 192 can be seen.

Moderate temperatures were expected to curb demand for natural gas.

NAT.GAS TRADING BELOW THE IMP RESIST 192 ONLY ABV THIS LOOK FIRM ELSE WEAK.