India, Jan. 20 -- Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 11. 2% to settled at 6352 while prices down 4.1 rupees.
Now MCX Natural Gas is getting support at 183.6 and below same could see a test of 179.7 levels and resistance is now likely to be seen at 193.9 a move above could see prices testing 200.3.
Natural Gas yesterday settled down by 2.14% at 187.5 on forecasts for milder weather and lower heating demand through the end of January than previously expected.That decline came despite near record liquefied natural gas (LNG) exports as global gas prices remain near their highest in years.
U.S. natural gas production and demand will drop in 2021 as the economic fallout from c...