Natural gas ended flat on data that indicated gas producers aren't reining in drilling activity, despite low prices. Gas inventories have climbed over the past several weeks as moderate spring temperatures and a glut of shale-gas supply lead to large injections of gas into underground storage facilities each week. Natural Gas yesterday we have seen that market has moved 0%. Market has opened at 190.2 & made a low of 189.3 versus the day high of 190.8. The total volume for the day was at 463 lots and the open interest was at 6389. Now support for the Natural Gas is seen at 189.3 and below could see a test of 188.6. Resistance is now likely to be seen at 190.8, a move above could see prices testing 191.6.

Trading Ideas:

Natural Gas trading range is 188.6-191.6.

Natural gas ended flat on data that indicated gas producers aren't reining in drilling activity

Now resistance is at 191.40 above this a rally till 193-195 can be seen.

Gas inventories have climbed over the past several weeks as moderate spring temperatures

BUY NAT. GAS MAY ABV 191 SL 189.80 TGT 193.50-195.80. MCX