Natural gas settled positive as the rest of the energy market traded lower, lending support to the view that natural gas prices can't fall much farther below current levels before bargain-buyers swoop in. Still, natural gas showed resilience at that level even as the rest of the energy market was hit by a falling stock market and a currency market rattled by fears over Greece's debt levels. Natural Gas yesterday we have seen that market has moved 1.12%. Market has opened at 178.6 & made a low of 178.1 versus the day high of 181.9. The total volume for the day was at 23363 lots and the open interest was at 12725.Now support for the Natural Gas is seen at 178.7 and below could see a test of 176.5. Resistance is now likely to be seen at 182.5, a move above could see prices testing 184.1.

Trading Ideas:

Natural Gas trading range is 176.5-184.1.

Natural gas settled positive as prices can't fall much farther below current levels

Now resistance is at 182.20 above this a rally till 184-186 can be seen.

Natural gas showed resilience at that level even as not affected much by  Greece's worries

BUY NAT.GAS MAY @ 178 SL 176 TGT 180-182.50.MCX