Commodity Outlook for Natural Gas by KediaCommodity

Natural GasNatural gas yesterday traded with the negative node and settled -1.03% down at 193.8. Some pressure had been seen from the crude also which closed down by -0.36%, and closed at 4123. In yesterday's trading session natural gas has touched the low of 192 after opening at 195, and finally settled at 193.8. For today's session market is looking to take support at 191.9, a break below could see a test of 189.9 and where as resistance is now likely to be seen at 195.9, a move above could see prices testing 197.9.

Trading Ideas:

Natural Gas trading range is 189.9-197.9.

Nat. Gas jumped as a government report showed production in lower-48 states fell for the first time.

Natural gas looks to test support at 189.8 and resistance is seen at 198.90.

Lower production is giving the market a boost and yesterday closed almost up by 5%.

BUY NAT.GAS JAN @ 190-191 SL 187 TGT 194.50-197.50-199.MCX

N NATURAL GAS  $ IS TRADING AT : 4.244$