Natural gas snapped six days of gains, plunging to a daily low as investors cashed out of the market to take advantage of a rally that took prices to a five-month peak. Earlier in the day, natural gas futures rose to the highest price since August 5, prompting some investors to sell their position on profit-taking. Natural Gas yesterday we have seen that market has moved 1.09%. Market has opened at 209 & made a low of 207.6 versus the day high of 213.1. The total volume for the day was at 61684 lots and the open interest was at 15176.Now support for the Natural Gas is seen at 207.8 and below could see a test of 204.9. Resistance is now likely to be seen at 213.3, a move above could see prices testing 215.9.

Trading Ideas:

Natural Gas trading range is 204.9-215.9.

Cold weather in the US would not be enough to erode a gas stockpile surplus weighed on prices.

Natural gas looks to test support at 207.20 and resistance is seen at 213.80.

Weather forecast added to lingering concerns that inventories were ample to meet the needs.

SELL NAT.GAS JAN BELOW 209.50 SL 211.50 TGT 207.50-205.80-203.50.MCX

NATURAL GAS  $ IS TRADING AT : 4.601$