Natural gas yesterday traded with the positive node and settled 1.4% up at 206.7. Some pressure had been seen from the crude also which closed down by -0.34%, and closed at 4149. In yesterday's trading session natural gas has touched the low of 204.1 after opening at 204.5, and finally settled at 206.7. For today's session market is looking to take support at 204.7, a break below could see a test of 202.8 and where as resistance is now likely to be seen at 208, a move above could see prices testing 209.4. Spread between natural gas JAN & FEB contracts yesterday ended at 2.30p. Spread yesterday traded in the range of 2 - 2.3.

Trading Ideas:

Natural Gas trading range is 202.8-209.4.

Natural gas yesterday traded with the positive node and settled 1.4% up

Natural gas looks to have a support at 203.80 and resistance at 209.20

Spread between natural gas JAN & FEB contracts yesterday traded in the range of 2 - 2.3.

BUY NAT GAS JAN @ 202.50 SL 200 TGT 204.50-207-210.MCX