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Natural Gas Trading Range For The Day Is 191.2-209 - Equity Trading Tips

Natural gas on MCX settled up 4.44% at 202.50 as support seen after bullish weather forecasts and lower-than-expected power loss from Hurricane Irma propped up prices. High pressure will dominate the southern and east-central US with highs of 80s and 90s. Portions of the West will be cool with lows of 20s and 30s as weather systems bring showers. Tropical system Jose is expected to provide a glancing blow of showers and cooling mid-week to the NE Coast, while a fall-like weather system will track across the West next weekend with rain and mountain snow.

Trading Ideas:

* Natural gas trading range for the day is 191.2-209.

* Natural gas prices rose as market players continued to monitor weather forecasts to gauge near-term demand prospects.

* A trio of potential hurricanes forming in the Atlantic were also in focus.

* High pressure will dominate the southern and east-central U.S. with highs of 80 s and 90 s in the coming days.

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