Natural gas climbed yesterday lifted by forecasts for hot weather as well as by a tropical disturbance in the Atlantic that raised the specter of hurricanes. Hot weather can spur additional gas demand to cool homes and businesses, slowing the rate at which gas is injected into storage. Natural Gas yesterday we have seen that market has moved 3.29%. Market has opened at 224.1 & made a low of 224.1 versus the day high of 232.5. The total volume for the day was at 27033 lots and the open interest was at 5683.Now support for the Natural Gas is seen at 226 and below could see a test of 220.9. Resistance is now likely to be seen at 234.4, a move above could see prices testing 237.7.

Trading Ideas:

Natural Gas trading range is 220.9-237.7.

Natural gas climbed yesterday lifted by forecasts for hot weather

Natural gas is taking support at 229.60 below this looks till 227-225 level

Hot weather can spur additional gas demand to cool homes and businesses

BUY NAT.GAS @ 228 SL 224.50 TGT 230.50-234.60-238.MCX