Natural gas traded with the negative node and settled -3.74% down at 205.9 on Tuesday. On Wednesday also slumping to a two-week low, as prices were weighed by forecasts of mild temperatures in key heating areas in the U.S. next week, it earlier fell to USD4.399 per million British thermal units, the lowest price since January 14. Earlier in the day, industry weather group MDA Federal said that temperatures would be in a normal range across most of the U.S. Northeast from February 5 to February 9. Forecast had previously called for colder-than-normal temperatures during that week. For today's session market is looking to take support at 202.6, a break below could see a test of 199.3 and where as resistance is now likely to be seen at 211.6, a move above could see prices testing 217.3.

Trading Ideas:

Natural Gas trading range is 199.3-217.3.

Natural gas ended weak weighed by forecasts of mild temperatures in key heating areas in U.S. next week

Natural gas looks to have a support at 202.60 and resistance at 208.40

Today natural gas storage: EXP: -121B PREV: -243B

SELL NAT.GAS FEB @ 208 SL 210.80 TGT 205.50-202.80-200.50.MCX

NATURAL GAS  $ IS TRADING AT : 4.469$