Natural gas ended slightly down on profit booking Saturday after 4% Friday lifted by bargain-hunting despite warm spring weather and growing gas production. Gas supplies continue to increase despite relatively low prices, placing downward pressure on the market. Natural Gas yesterday we have seen that market has moved -0.17%. Market has opened at 181.1 & made a low of 180.8 versus the day high of 181.9. The total volume for the day was at 859 lots and the open interest was at 14683.Now support for the Natural Gas is seen at 180.6 and below could see a test of 180.2. Resistance is now likely to be seen at 181.7, a move above could see prices testing 182.4.

Trading Ideas:

Natural Gas trading range is 180.2-182.4.

Natural gas ended slightly down on profit booking Saturday

Now resistance is at 182.80 above this a rally till 185 can be seen.

Gas supplies continue to increase despite relatively low prices

NAT. GAS BELOW 182 LOOK WEAK ONLY ABV 182 LOOK TILL 186-188 LEVEL