Natural gas prices have recovered from earlier low levels and is exhibiting a positive trend. The resistance for the commodity is expected at 181 and 183 levels in today's session, as per our analyst. MCX natural gas prices for February delivery has support at 175 and 173.5, said Tarang Parmar, Research Analyst, Commodity Online. Intraday traders may use buy at lower levels strategy for the commodity, he added. Barclays in a report published last week expects natural gas storage of US to end March at about 1.9 Tcf assuming normal weather in February and March. This is slightly lower than previous expectations as January weather was slightly colder-than-normal, while production freeze-offs lasted longer than previously expected.
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