Natural Gas futures were trading lower during noon trade in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking weakness overseas as forecasts for less hot weather across the US in the next two weeks threatened to curb gas-fired air-conditioning demand for the fuel.

At the MCX, Natural gas futures for August 2016 contract were trading at Rs 183.7 per mmbtu, down by 0.11 %, after opening at Rs. 183.1, against the previous closing price of Rs. 183.9. It touched the intra-day low of Rs. 183.

Naturalgas on MCX settled down BY -1.55% at 183.90 fell as a glut of supply showed no signs of shrinking before the end-of-summer cooling season. Meanwhile prices also dropped as sentiments dropped after NYMEX Natural gas settled down 1.4%, at $2.733 per million British thermal units suffered its worst decline in nearly a month.Get Live Indian Stock & Share Market News Updates Visit Us www.ripplesadvisoryx.com/freetrial.php or Get Free Trials Just Give One Missed Call @98-27-80-80-90.

                        Trading Ideas

1. Naturalgas trading range for the day is 180-189.6.          
2. Natural gas fell to a one-week low as forecasts for less hot weather over the next two weeks dampened demand expectations for the cooling fuel.          
3. Total U.S. natural gas storage stood at 3.294 trillion cubic feet, 13.2% higher than levels at this time a year ago.