India, Sept. 11 -- Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 11. 76% to settled at 12595 while prices down 2.9 rupees.
Now MCX Natural Gas is getting support at 170.3 and below same could see a test of 167.3 levels and resistance is now likely to be seen at 176.6 a move above could see prices testing 179.9.
Natural Gas yesterday settled down by 1.65% at 173.3 on forecasts for cooler weather and less air conditioning demand next week than previously expected despite a continued increase in liquefied natural gas exports and record sales to Mexico.
The U.S. Energy Information Administration (EIA) said U.S. utilities injected 70 billion cubic feet (bcf) of gas into storage in the w...