Natural gas ended higher on a U.S government forecast for a busy 2010 Atlantic hurricane season, despite a bigger-than-expected gain in gas inventories. Supplies rose 104 billion cubic feet the week ended May 21 to 2.269 trillion cubic feet, the Energy Department said. Natural Gas yesterday we have seen that market has moved 0.15%. Market has opened at 199.9 & made a low of 195.2 versus the day high of 202. The total volume for the day was at 25867 lots and the open interest was at 7177.Now support for the Natural Gas is seen at 196.9 and below could see a test of 192.7. Resistance is now likely to be seen at 203.7, a move above could see prices testing 206.3.

Trading Ideas:

Natural Gas trading range is 192.7-206.3.

Natural gas ended higher on U.S government forecast for busy 2010 Atlantic hurricane season

Now resistance is at 202.80 above this a rally till 204-206 can be seen.

Supplies rose 104 billion cubic feet the week ended May 21 to 2.269 trillion cubic feet

BUY NAT.GAS JUNE @ 198 SL 195 TGT 201.20-204.MCX