India, Sept. 14 -- Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 8. 21% to settled at 13629 while prices down 4.9 rupees.
Now MCX Natural Gas is getting support at 165.9 and below same could see a test of 163.3 levels and resistance is now likely to be seen at 171.6 a move above could see prices testing 174.7.
Natural Gas yesterday settled down by 2.83% at 168.4 on forecasts for cooler weather and lower air-conditioning demand over the next two weeks than previously expected.That price decline came despite a continued increase in liquefied natural gas (LNG) exports and record sales to Mexico.
Data provider Refinitiv projected demand in the Lower 48 U.S. states would rise from an av...