India, Sept. 30 -- Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 4. 1% to settled at 5668 while prices down 16.7 rupees.
Now MCX Natural Gas is getting support at 181.9 and below same could see a test of 175.4 levels and resistance is now likely to be seen at 200.4 a move above could see prices testing 212.4.
Natural Gas yesterday settled down by 8.15% at 188.3 on forecasts for less demand over the next two weeks than previously expected and a rise in output. EIA said U.S. utilities injected 66 billion cubic feet (bcf) of gas into storage in the week ended Sept. 18.
Data provider Refinitiv said output in the Lower 48 U.S. states was on track to fall for a second month in a row to 8...