Natural-gas ended lower as traders booked profits after a recent run up in prices amid robust supplies and expectations for mild weather. The EIA said that it expects production to climb by 0.7% to 60.9 billion cubic feet of natural gas a day in 2010 as the result of increased drilling activity. The new estimate reflects a 2 billion-cubic-feet-a-day increase from its previous 2010 domestic production forecast.

Natural Gas yesterday we have seen that market has moved -4.49%. Market has opened at 191.8 & made a low of 181.7 versus the day high of 193.3. The total volume for the day was at 49924 lots and the open interest was at
13986. Now support for the Natural Gas is seen at 178.6 and below could see a test of 174.3. Resistance is now likely to be seen at 190.2, a move above could see prices testing 197.5.

Trading Ideas:

Natural Gas trading range is 174.3-197.5.

Natural-gas ended lower as traders booked profits after a recent run up in prices

Now resistance is at 184.20 above this a rally till 186-188 can be seen.

The EIA said that it expects production to climb by 0.7% to 60.9 billion cubic feet

SELL NAT.GAS APR ON JUMP @ 186 SL 189 TGT 182.50-180..MCX