Commodity Outlook for Natural Gas by KediaCommodity

Natural GasNatural gas ended unchanged as book squaring counterbalanced mild weather forecasts and ample supplies. Gas supplies, meanwhile, remain abundant as producers continue to extract large volumes of the fuel from shale-rock formations across the country. Natural Gas yesterday we have seen that market has moved 0%. Market has opened at 189.5 & made a low of 185.2 versus the day high of 193. The total volume for the day was at 33104 lots and the open interest was at 6633.Now support for the Natural Gas is seen at 185.3 and below could see a test of 181.3. Resistance is now likely to be seen at 193.1, a move above could see prices testing 196.9.

Natural Gas trading range is 181.3-196.9.

Natural gas ended unchanged as book squaring counterbalanced mild weather forecasts

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

Gas supplies remain abundant as producers continue to extract large volumes of fuel

SELL NAT. GAS @ 191 SL 193.50 TGT 189.50-186.50.MCX

NATURAL GAS  $ IS TRADING AT : 4.22$