Natural gas ended lower amid choppy trading, as traders weighed forecasts for cold weather against predictions for a warmup in the Midwest. Natural gas in U.S. storage for the week ended Jan. 15 stood at 2.607 trillion cubic feet--about 1% higher than last year and slightly below the five-year average. Natural Gas yesterday we have seen that market has moved -1.72%. Market has opened at 267 & made a low of 260.1 versus the day high of 267.7. The total volume for the day was at 16512 lots and the open interest was at 4675.Now support for the Natural Gas is seen at 259.20 and below could see a test of 255.80. Resistance is now likely to be seen at 266.80, a move above could see prices testing 271.00.

Trading Ideas:

Natural gas trading range is 250-275.

Natural gas fell on Monday on forecasts for mild weather

Now resistance is at 265.20 above this a rally till 268-270 can be seen.

Natural gas in U.S. storage for the week ended Jan. 15 stood at 2.607 trillion cubic feet

SELL NAT GAS JAN BELOW 260 SL 264.50 TGT 256.80-255.20-253.50.MCX