Natural gas ended positive as traders were buying back previously sold contracts to cover their positions ahead of expiration. Bargain-buying also provided some support for prices, which are at their lowest level in more than two weeks. U.K. natural gas prices for winter reached a six-month high relative to U.S. contracts, as pipeline and field shutdowns in Norway cut exports to Britain. Natural Gas yesterday we have seen that market has moved 2.65%. Market has opened at 191.9 & made a low of 191.9 versus the day high of 197.3. The total volume for the day was at 8878 lots and the open interest was at 4949.Now support for the Natural Gas is seen at 193.1 and below could see a test of 189.8. Resistance is now likely to be seen at 198.5, a move above could see prices testing 200.6.

Trading Ideas:

Natural Gas trading range is 189.8-200.6.

Natural gas ended positive short covering ahead of expiry

Now resistance is at 197.80 above this a rally till 199-201 can be seen.

U.K. natural gas premium reaches six-month high

GAS LOOK TO TRADE BELOW 198.80 ONLY ABV WILL RALLY TO FRESH HIGH ELSE 190.