Today Natural Gas Trading :- 162 - 177

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Natural Gas on MCX settled down -4.84% at 167.2 as prices fell to a six-week low on forecasts for less cold weather and lower heating demand next week than previously expected. The commodity has been on the backfoot after weather forecasts showed that temperatures across key parts of the U.S. won't be as cold as previously expected.

 

Trading Ideas: 

 

* Natural Gas trading range for the day is 162-177. 

 

* Natural Gas fell to a six-week low on forecasts for less cold weather and lower heating demand next week than previously expected. 

 

* As the weather moderates, projected, gas demand in the lower 48 U.S. states would slip to 105.6 billion cubic feet per day in the week. 

 

* The commodity has been on the backfoot after weather forecasts showed that temperatures across key parts of the U.S. won't be as cold as previously expected.

 

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