Natural gas on MCX settled down -2.63% at 203.90 posted its biggest losses for any session in four weeks as technical signs have some traders cautious about whether the market’s biggest monthly rally since last spring has hit a wall. Demand will be slightly below normal this week as high pressure holds strong over the central, southern, and eastern US as highs continue to reach the 60s to 80s.

Trading Ideas:

*Natural gas trading range for the day is 198.6-213.8. 

*Natural gas dropped to settle at 203.90 posted its biggest losses in four weeks as traders cautious about whether.

*Demand will be slightly below normal this week as high pressure holds strong as highs continue to reach the 60s to 80s.

*Weather system will track across the Northeast for a slight and quick increase in heating demand, although warming back above normal this weekend.

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