Natural gas finished firm bolstered by forecasts of hot weather and an active hurricane season in the Atlantic. Unusually warm temperatures were expected to spark demand for natural gas to generate electricity for cooling over the next few weeks. Predictions of an active Atlantic hurricane season were also bolstering gas prices. Natural Gas yesterday we have seen that market has moved 0.15%. Market has opened at 203 & made a low of 202.7 versus the day high of 204.1. The total volume for the day was at 4113 lots and the open interest was at 6237.Now support for the Natural Gas is seen at 203 and below could see a test of 202.1. Resistance is now likely to be seen at 204.4, a move above could see prices testing 204.9.

Trading Ideas:

Natural Gas trading range is 202.1-204.9.

Natural gas finished firm bolstered by forecasts of hot weather and an active hurricane season

Natural gas is taking support at 202.20 below this looks till 200-198 kevel

Unusually warm temperatures were expected to spark demand for natural gas

BUY NAT.GAS JUNE @ 198 SL 195 TGT 201.20-204.MCX