Natural gas ended sharply higher amid forecasts for hot weather, following the release of a U.S. government report that showed a smaller-than-expected build in natural gas inventories last week. The U.S. Energy Information Administration reported that inventories for the week ended June 25 grew by 60 billion cubic feet falling short of consensus estimates for storage build of 65 billion cubic feet. Natural Gas yesterday we have seen that market has moved 7.2%. Market has opened at 215.5 & made a low of 213.2 versus the day high of 232.2. The total volume for the day was at 50159 lots and the open interest was at 6718.Now support for the Natural Gas is seen at 218.5 and below could see a test of 206.3. Resistance is now likely to be seen at 237.5, a move above could see prices testing 244.3.

Trading Ideas:

Natural Gas trading range is 206.3-244.3.

Natural gas ended higher after report showed  smaller than expected build in inventories

Natural gas looks to take resistance at 232.20 above this looks till 234-236.

U.S EIA reported that inventories grew by 60 billion cubic feet

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