Natural gas shot higher propelled by a U.S. government report that showed a smaller-than-expected build in natural gas inventories and expectations for hot weather in the coming weeks. Natural gas in U.S. storage for the week ended May 28 stood at 2.357 trillion cubic feet--1.6% higher than last year and 14.9% above the five-year average, the EIA said. Natural Gas yesterday we have seen that market has moved 5.49%. Market has opened at 207.7 & made a low of 205.6 versus the day high of 219. The total volume for the day was at 34974 lots and the open interest was at 8203.Now support for the Natural Gas is seen at 209.8 and below could see a test of 201. Resistance is now likely to be seen at 223.2, a move above could see prices testing 227.8.

Trading Ideas:

Natural Gas trading range is 201-227.8.

Natural gas shot higher propelled by smaller-than-expected build in gas inventories

Natural gas is taking support at 216.20 below this looks till 214-211 level

Natural gas in U.S. storage for the week ended May 28 stood at 2.357 trillion cubic feet

BUY NAT.GAS JUNE 212-213 SL 209 TGT 216.50-220-223.70.MCX