Natural gas ended weak but recovered most of its losses lifted by expectations for warm weather next week, as the threat Hurricane Alex posed to energy infrastructure in the U.S. Gulf of Mexico waned. Prices were receiving some support by weather forecasts that were predicting hot weather next week. The U.S. Energy Information Administration is expected to report that 65 billion cubic feet of gas were added to storage during the week ended June 25. Natural Gas yesterday we have seen that market has moved -0.47%. Market has opened at 214.3 & made a low of 209.8 versus the day high of 217.2. The total volume for the day was at 30488 lots and the open interest was at 7232.Now support for the Natural Gas is seen at 210.1 and below could see a test of 206.3. Resistance is now likely to be seen at 217.5, a move above could see prices testing 221.1.

Trading Ideas:

Natural Gas trading range is 206.3-221.1.

Natural gas ended weak but recovered most of its losses lifted by expectations for warm weather

Natural gas looks to take resistance at 215.60 above this looks till 217-220.

Today natural gas storage: Exp: 65B Prev: 81B

BUY NAT.GAS JULY @ 212-213 SL 209.50 TGT 216.20-219-222.MCX