Natural Gas on MCX settled down -4.04% at 192.20 extended its losses as EIA reports US supply rise of 97bcf. The US EIA said in its weekly report that natural gas storage in the US rose by 97bcf in the week ended September 15, while market had forecast an increase of just 91 billion. That compared with a build of 91bcf in the preceding week and represented a decline of 136 billion from a year earlier but was 67 bcf above the five-year average.

Trading Ideas:

* Natural gas trading range for the day is 186.4-203.2.

* Natural gas extended losses after data showed that natural gas supplies in storage in the U.S. rose more than expected last week.

* The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 97 billion cubic feet in the week.

* That compared with a build of 91 bcf in the preceding week and represented a decline of 136 billion from a year earlier but was 67 bcf above the five-year average.

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