Natural gas yesterday traded with the negative node and settled -2.1% down at 255.8. Some pressure had been seen from the crude also which closed up by 0.11%, and closed at 3580. In yesterday's trading session natural gas has touched the low of 254.6 after opening at 260.2, and finally settled at 255.8.

For today's session market is looking to take support at 253.50, a break below could see a test of 251.20 and where as resistance is now likely to be seen at 259.10, a move above could see prices testing 262.40. Spread between natural gas JAN & FEB contracts yesterday ended at 0.20, we have seen yesterday that the natural gas market had traded with a negative node and settled -2.1% down. Spread yesterday traded in the range of 0 - 0.20.

Trading Ideas:

Natural gas trading range is 240-270.

Natural gas ended down yesterday on profit booking after rising on Friday

Now resistance is at 258.20 above this a rally till 261-264 can be seen.

Support for the natural gas is at 252.40 level

SELL NAT GAS JAN BELOW 255 SL 259.20 TGT 253.20-250.80-249. MCX