Commodity Outlook for Natural Gas by KediaCommodity

Natural GasThe biggest challenge facing the global aluminum industry going forward is the large stock overhang. Aluminium has touched a low of Rs 102.3 a kg after opening at Rs 102.45, and last traded at Rs103.45.For today market is looking for the support at 102.6, a break below could see a test of 101.8 and where as resistance is now likely to be seen at 104, a move above could see prices testing 104.6.

Trading Ideas:

Natural Gas trading range is 175.5-182.3.

Natural gas fell on easing concern that storms will disrupt gas production in Gulf of Mexico

Natural gas looks to test support at 177.3 and resistance is seen at 180.7.

Today natural gas storage: Exp: 68B Prev: 73B