Natural gas on MCX settled down -2.19% at 210 on profit booking as warmer than normal weather is expected to cover most of the United States. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 2 billion cubic feet in the week ended March 31, compared to forecasts for a build of 7 billion. That compared with a withdrawal of 43 billion cubic feet in the preceding week, a gain of 12 billion a year earlier and a five-year average drop of 13 billion cubic feet. 

Total natural gas in storage currently stands at 2.051 trillion cubic feet, according to the U.S. Energy Information Administration, 17.2% lower than levels at this time a year ago but 12.9% above the five-year average for this time of year.

Trading Ideas: 

 * Natural gas trading range for the day is 206.1-216.7. 

* Natural gas prices dropped on profit booking as warmer than normal weather is expected to cover most of the United States. 

* Meanwhile, traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels. 

* The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 2 billion cubic feet.

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