Commodity MCX Natural Gas April future contract opened at 196.50 per mmBtu. AT MCX and NCDEX it tested intraday high of 197.90 and last traded at 196.20. The contract faces resistance near 205 while its support is seen near 185.
The Commodity analyst advise Short term traders that they can buy MCX Natural Gas April contract near 192 with stop loss of 184 and can wait for target of 203.