Natural gas rose nearly 4% propelled by forecasts of continued wintry weather in the U. S. Midwest and Northeast over the next two weeks. Forecasts of bitterly cold weather in the major gas- consuming regions drove gas prices higher. The frigid temperatures were expected to bolster the demand for natural gas for heating.

Natural Gas yesterday we have seen that market has moved 3.64%. Market has opened at 261.5 & made a low of 261.5 versus the day high of 272.9. The total volume for the day was at 40528 lots and the open interest was at 6481. Now support for the Natural Gas is seen at 263.70 and below could see a test of 256.90. Resistance is now likely to be seen at 275.10, a move above could see prices testing 279.70.

Trading Ideas:

Natural gas trading range is 260-280.

Natural gas rose nearly 4% propelled by forecasts of continued wintry weather

Now resistance is at 273.20 above this a rally till 276-279 can be seen.

The frigid temperatures were expected to bolster the demand for natural gas

BUY NAT.GAS JAN @ 264-266 SL 260 TGT 268.50-270.20-272.80.MCX