Naturalgas on MCX settled down -5.42% at 211.1 as warmer-than-average weather in the Midwest prompted speculation that a mild winter will curtail demand for the heating fuel. Prices also seen under pressure as forecasts showing unseasonably warm temperatures across the U.S. Midwest in the days ahead dampened demand expectations for the heating fuel. 

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 Meanwhile, market players looked ahead to weekly supply data due on Thursday, which is expected to show a build of approximately 70 billion cubic feet in the week ended October 21. That compares with a gain of 77 billion cubic feet in the preceding week, 62 billion a year earlier and a five-year average build of 76 billion cubic feet.

Technically market is under long liquidation as market has witnessed drop in open interest by -14.27% to settled at 4530 while prices down -12.1 rupee, now Naturalgas is getting support at 206.3 and below same could see a test of 201.5 level, And resistance is now likely to be seen at 220.1, a move above could see prices testing 229.1.