NATURAL GAS UPDATE~~~!!!

Natural Gas futures soared on Wednesday after updated weather-forecasting models called for reinforcing blasts of cold air to shoot across the U.S. in the coming weeks, which should hike demand for heating . On the New York Mercantile Exchange, natural gas futures for delivery in December were up 3.76% at $4.404 per million British thermal units during U.S. trading with session low of $4.195, and a high of $4.506 against Tuesday closing which settled down 2.23% at $4.244 per million British thermal units.

Natural gas futures were likely to find support at $4.113 per million British thermal units, Monday's low, and resistance at $4.544, the high from Nov. 10. Blast of cold air bringing frigid temperatures across much of the U.S. will give way to milder temperatures in its wake, but more cold air will make its appearance afterwards and prompt businesses and households to ramp up on their heating, especially around the U.S. Thanksgiving holiday on Nov. 27.

"Temperatures will rapidly warm this weekend as milder weather systems track across the country, which will bring highs of 70s and lower 80s over the far southern U.S., with 50s and 60s over much of the Ohio Valley Region and Northeast," Natgasweather.com reported in its Wednesday midday update.

"Additional weather systems are still expected to follow for Thanksgiving week, which will tap chilly Canadian air and sweep it across the north-central U.S. early in the week and then into the eastern U.S. for Thanksgiving. This system will not be nearly as cold as the current Arctic blast gripping the nation, but it will still bring cooler than normal temperatures, just in a more seasonable fashion."

Major Support on MCX stands at 254 whereas it can face resistance around 282 , Technically break of 282 can lead it towards 288-292.

Meanwhile, the Energy Information Administration's weekly storage report slated for release today is expected to show a decline of 18 billion cubic feet for the week ending Nov. 14.

The five-year average change for the week is a decrease of 10 billion cubic feet.

Total U.S. natural gas storage stood at 3.611 trillion cubic feet as of last week, narrowing the deficit to the five-year average to 6.2% from a record 54.7% at the end of March.

WE ALREADY GIVEN BUY AT 245.10 ONE CAN LOOK FOR 288-292

http://dhairyaniftylevels.blogspot.in/2014/11/natural-gas-buyyy.html

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!