Natural gas on MCX settled down -0.49% at 201.50 on profit booking after prices rallied a day before surged to their highest level in more than three months on Monday on expectations of more demand than previously forecast through the end of September. Support also seen after the expectation that US gas consumption will rise to 72.2 bcf per day this week, up from the 71.8 bcfd forecast last week. For the last week of Sept, market are saying that demand would average 71.1 bcfd, up from the 69.9 bcfd forecast last week.

Trading Ideas:

* Natural gas trading range for the day is 199.4-205.

* Natural gas dropped pausing for breath after rallying amid bullish weather forecasts and a flurry of tropical storm activity in the Atlantic.

* Meanwhile, traders said they were closely eying the path of Hurricane Maria, to see whether it would knock out production.

* High pressure will dominate the southern and east-central U.S. with highs of 80 s and 90 s through Sept. 25.

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