Natural-gas ended lower as ample supplies and a mild weather outlook weighed on prices, despite the anticipation of summer and a seasonal shift in demand. The U.S. Energy Information Administration said Tuesday that natural gas inventories will reach 3.8 trillion cubic feet by the end of the summer injection season, when natural gas supplies are replenished to meet winter heating demand. Natural Gas yesterday we have seen that market has moved -0.95%. Market has opened at 189.1 & made a low of 186.3 versus the day high of 191.2. The total volume for the day was at 18385 lots and the open interest was at 8238.Now support for the Natural Gas is seen at 185.4 and below could see a test of 183.4. Resistance is now likely to be seen at 190.3, a move above could see prices testing 193.2.

Trading Ideas:

Natural Gas trading range is 184-193.8.

Natural gas ended lower as ample supplies and a mild weather outlook weighed on prices

Now resistance is at 189.20 above this a rally till 191-193 can be seen.

U.S. EIA said that gas inventories will reach 3.8 trillion cubic feet by the end of summer

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