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Natural Gas daily outlook

MCX Natural Gas May contract closed at 189.70 changed down by 1.90 rupees from yesterday closing price. Today in lower side support is around 188 if sustain below this weakness and then we will see a correction for target 183-180. In upper side resistance is now seen near 199 if sustain and move above that level we will these resistance level 204-208 and more upside.
Natural Gas trading range for the day is between support at 187 and resistance at 199.
Recommendation: 
• Selling natural gas on rally around 194-195.5 stop loss above 199 trgt 183-175 in short term. 
• In another case sell natural gas below 187 stop loss above 192 target 183-179 in short term. 

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