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Wednesday, February 22, 2017

NATURAL GAS UPDATES FOR FEB 22 2017

TUESDAY



TRADING LEVELS FOR EVENING SESSION



MCX NATURAL GAS



SUPPORT 1 167.70



SUPPORT 2 164.80



SUPPORT 3 161.70



RESISTANCE 1 172.40



RESISTANCE 2 175



RESISTANCE 3 177.40




WAIT FOR CONFIRMATION .





Mcx Natural Gas currently trading at Rs 172





Resistance seen at Rs 175



Support at Rs 169




Next weakness only on a break below Rs 169



Else may move higher




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NATURAL GAS UPDATES FOR FEB 22 2017


TUESDAY



TRADING LEVELS FOR MORNING SESSION



MCX NATURAL GAS



SUPPORT 1 169.60




SUPPORT 2 166




SUPPORT 3 162.30



RESISTANCE 1 175.30



RESISTANCE 2 179.30



RESISTANCE 3 183




WAIT FOR CONFIRMATION .




Mcx Natural Gas in yesterdays session opened at Rs 186.20



And closed sharply lower at Rs 172.50


Currently trading at Rs 172.30



Immediate support seen at Rs 170



Resistance at Rs 175





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Sunday, February 19, 2017

NATURAL GAS UPDATES FOR FEB 19 2017

SUNDAY



WEEKLY UPDATE





Mcx Natural gas lost its stream and drop further for the 5th consecutive week



and tested a low of 190 levels and closed at 191.3 levels, trend for the commodity




remains bearish and is expected to correct further up to 180 levels if consolidation takes



place then likely prices to trade in the range between 190 – 195 levels,



wait and watch is the trend.




Weekly Call :




Low Risk Wait for entries ,



High risk Sell Mcx Natural gas on rises between 192 – 193



with SL above 197



for targets 185 – 183.




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