Natural gas ended lower pressured by a slightly larger-than-expected build in gas inventories last week and a mixed outlook for tropical disturbance looming in the Caribbean.  Natural gas inventories have swelled this year as producers continued to exploit prolific onshore natural gas fields known as shales. Gas in U.S. storage for the week ended June 18 stood at 2.624 trillion cubic feet. Natural Gas yesterday we have seen that market has moved -1.44%. Market has opened at 222 & made a low of 218 versus the day high of 225.8. The total volume for the day was at 32447 lots and the open interest was at 2995.Now support for the Natural Gas is seen at 216.4 and below could see a test of 213.3. Resistance is now likely to be seen at 224.2, a move above could see prices testing 228.9.

Trading Ideas:

Natural Gas trading range is 213.3-228.9.

Natural gas ended lower pressured by a slightly larger-than-expected build in gas inventories

Natural gas looks to take resistance at 220.80 above this looks till 222-224.

Gas in U.S. storage for the week ended June 18 stood at 2.624 trillion cubic feet

SELL NAT.GAS JUNE @ 222.40 SL 225.80 TGT 220.20-217.80-215.MCX