India, Jan. 15 -- Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 9. 75% to settled at 5986 while prices down 2.7 rupees.
Now MCX Natural Gas is getting support at 193.6 and below same could see a test of 189.7 levels and resistance is now likely to be seen at 202.7 a move above could see prices testing 207.9.
Natural Gas yesterday settled down by 1.35% at 197.6 amid forecasts for milder weather and less heating demand over the next two weeks than previously expected.
However downside seen limited amid liquefied natural gas (LNG) exports remained near record levels and last week's storage draw was bigger than expected.
The U.S. Energy Information Administration (EIA) said utilities ...