Natural gas ended higher propelled by forecasts for hot weather and the prospect of a busy Atlantic hurricane season. The forecast for the next two weeks has shifted hotter. Natural Gas yesterday we have seen that market has moved 2.72%. Market has opened at 232 & made a low of 232 versus the day high of 240.8. The total volume for the day was at 36246 lots and the open interest was at 5909.Now support for the Natural Gas is seen at 232.7 and below could see a test of 228. Resistance is now likely to be seen at 241.5, a move above could see prices testing 245.6.

Trading Ideas:

Natural Gas trading range is 228-245.6.
Natural gas ended higher propelled by forecasts for hot weather
Natural gas is taking support at 235.20 below this looks till 233-230 level
The forecast for the next two weeks has shifted hotter.
BUY NAT.GAS @ 232-234 SL 230 TGT 236.50-239-242.MCX