Commodity Outlook for Natural Gas by KediaCommodity
Brazilian consumption of processed aluminum products grew 31.8% in August from a year earlier, the Sao Paulo-based Brazilian Aluminum Association, or Abal, said. Aluminium has touched a low of Rs 104.1 a kg after opening at Rs 104.7, and last traded at Rs104.25.For today market is looking for the support at 103.6, a break below could see a test of 103 and where as resistance is now likely to be seen at 105.3, a move above could see prices testing 106.4.
Trading Ideas:
Natural Gas trading range is 167.7-176.3.
Natural gas slid as high supplies and temperate weather outlook undercuts prospects for seasonal rally
Natural gas looks to test support at 169.3 and resistance is seen at 173.6.
Production in federal offshore tracts in Gulf of Mexico dropped 2% to 5.87 bcf a day