Natural gas May contract ended firm on bargain-hunting. Bargain-buying was providing some support for the gas market, however, with prices about 25% below where they stood at the beginning of the year. Natural Gas yesterday we have seen that market has moved 0.36%. Market has opened at 193.8 & made a low of 191.4 versus the day high of 195.7. The total volume for the day was at 17574 lots and the open interest was at 7514.Now support for the Natural Gas is seen at 192.1 and below could see a test of 189.6. Resistance is now likely to be seen at 196.4, a move above could see prices testing 198.2.

Trading Ideas:

Natural Gas trading range is 189.6-198.2.

Natural gas May contract ended firm on bargain-hunting

Now resistance is at 196.20 above this a rally till 198-200 can be seen.

Prices about 25% below where they stood at the beginning of the year

NATURAL GAS  $ IS TRADING AT : 4.23$

SELL NAT. GAS MAY @ 196 SL 198.50 TGT 194.20-190.50.MCX