Natural Gas on MCX settled down -3.88% at 190.70 eased further in yesterday’s session one day after suffering its worst daily loss in more than a week as traders reacted to the reality that higher demand for the commodity was coming to an end. Natural gas futures sank to a three-week low on Monday amid bearish weather forecasts which should limit demand for the fuel.

Trading Ideas:

* Natural gas trading range for the day is 185.8-198.6.

* Natural gas sank to a three-week low near to 191 level amid bearish weather forecasts which should limit demand for the fuel.

* Warm high pressure will quickly strengthen and expand east of the Plains this week with widespread highs of upper 60 to near 80°F.

* Prices often reach a seasonal low in October, when mild weather reduces demand, before recovering in the winter, when heating-fuel use peaks.

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