Natural Gas on MCX settled up 0.64% at 188.8 as market players continued to monitor winter weather forecasts to gauge demand for the fuel. However upside seen limited as updated weather forecasts showed a return to mild weather after a cold spell in the eastern U.S. Natural gas futures have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early-winter heating demand.
Trading Ideas:
* Natural Gas trading range for the day is 184.6-193.8.
* Natural Gas prices recovered from lows as market players continued to monitor winter weather forecasts to gauge demand for the fuel.
* Natural Gas futures have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on early-winter heating demand.
* Total Natural Gas in storage currently stands at 3.693 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.
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