Commodity Outlook for Natural Gas by KediaCommodity

Natural GasJapan’s shipments of rolled- aluminum products gained 13 percent in August, expanding for the ninth straight month, as demand increased from the auto and can industries. Supplies to domestic and export markets expanded to 157,112 metric tons from 138,920 tons a year earlier, the Japan Aluminium Association said. Aluminium has touched a low of Rs 103.65 a kg after opening at Rs 104.05, and last traded at Rs104.8.For today market is looking for the support at 104, a break below could see a test of 103.1 and where as resistance is now likely to be seen at 105.3, a move above could see prices testing 105.8.

Trading Ideas:

Natural Gas trading range is 167-185.

Natural gas fell after report showed that U.S. inventories increased more than forecast

Natural gas looks to test support at 170.6 and resistance is seen at 179.6.

Gas stockpiles rose 74 billion cubic feet in the week ended Sept. 24