Natural-gas ended higher as traders took advantage of the buying opportunities presented by low prices, despite a glut of supply and a mild weather outlook. The natural gas market is now moving through a period known as its shoulder season. That period is marked by tepid gas use because winter heating demand has faded and demand for the fuel to generate electricity for air conditioners hasn't yet picked up. Natural Gas yesterday we have seen that market has moved 0.66%. Market has opened at 181.8 & made a low of 181.8 versus the day high of 182.7. The total volume for the day was at 547 lots and the open interest was at 9989.Now support for the Natural Gas is seen at 181.9 and below could see a test of 181.4. Resistance is now likely to be seen at 182.8, a move above could see prices testing 183.2.

Trading Ideas:

Natural Gas trading range is 181.4-183.2.

Natural gas ended higher as traders took advantage of the buying opportunities of low prices

Now resistance is at 184 above this a rally till 186-188 can be seen.

Natural gas market is now moving through a period known as its shoulder season

BUY NAT.GAS MAY @ 178 SL 176 TGT 180-182.50.MCX