Natural Gas prices dropped again and as we expected

continuos its down trend. Prices looks to touch again

145 and 145 seems very strong sup. If prices sustains

above 150 some buying could come till 155. Overall

looks bearish.

MKT ALRT AT 6.30 PM AUG 31

MCX SEPT NAT GAS : APPROACHING T1 AT 144 / LOWRISK TRADER

S BOOK FULL PROFITS AT 144 TO 145.25/OTHERS HOLD FOR T2( SELL AT 147.50).

MKT ALERT AT 5.50 PM AUG 31

MCX SEPT NAT GAS ; TRADERS HOLDING SELLS BOOK PART PROFITS AT

CMP 145.80 ( SELL AT 147.50)/ OTHERS HOLD FOR TGTS.

5.45 PM AUG 31

Sell Natural Gas between 147. - 147.50 SL

above 150.50 T1 144 T2 142

TECHNICALS FOR AUG 31

MCX SEPY NAT GAS

SUPP: 145.50/143/140.30

RES:151/152.70/155

WAIT FOR CALLS

MARKET ALERT ON AUG 28 FRIDAY 7.45 PM IST

MCX Sept Natural gas T 2 Achieved at Rs 149

it cld still test Rs 145,50 levels

Res is seen at Rs 152.50 levels.

MARKET ALERT ON AUG 28 FRIDAY 6.40 PM IST

MCX Sept Natural gas T1 Rs 151 and T2 Rs 149

Achieved .

Low Rs 149.10

Sell was at Rs 154.

MARKET ALERT ON AUG 28 FRIDAY 5.45 PM IST

MCX Sept Natural gas low risk traders book profit

at Rs 151.90

(Sell at Rs 154 ) .

mkt alert at 5.30 pm aug 28

Sell Natural Gas Sep below 154 SL above 156.50

T1 151 T2 149

UPDATES FOR AUG 28 2009

AUG 28 FRIDAY

S1 RS 152.50 , S2 RS 149.80 , S3 RS 147


R1 RS 158.60 , R2 RS 160.30 , R3 RS 162.50

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR AUG 29 THURSDAY 10.30 PM IST

Natural Gas prices dropped nearly 4 % due to inventories.

Prices seems negative and no positive trend seems.

Very less participation seen in Gas prices. Stron

sup seen around 150 and Res seen around 160.

MARKET ALERT ON AUG 27 THURSDAY 8.05 PM IST

Update:

US N.Gas Storage data:

Act: +54 Bcf

(Exp:+52Bcf Prv:+52)

MARKET ALERT ON AUG 27 THURSDAY 8.05 PM IST

Update:

US N.Gas Storage data:

Act: +54 Bcf

(Exp:+52Bcf Prv:+52)

UPDATES FOR AUG 27 2009

AUG 27 THURSDAY

S1 RS 158 , S2 RS 156.20 , S3 RS 154

R1 RS 162.50 , R2 RS 165 , R3 RS 167.80

WAIT FOR CONFIRMATION .

Natural gas trading very thin. Less participation

seen as prices unable to gain momentum. A close

above 165 could be more positive. Overall range bound

MARKET ALERT ON AUG 26 WEDNESDAY 5.15 PM IST

MCX Sept Natural gas looks weak at CMP rS 160.70

It could test Rs 158

Res is seen above Rs 162.10.

UPDATES FOR AUG 26 2009

AUG 26 WEDNESDAY

S1 RS 158.50 , S2 RS 156.20 , S3 RS 154

R1 RS 163.70 , R2 RS 165.60 , R3 R S169

WAIT FOR CONFIRMATION .

CLOSING COMMENTARY FOR AUG 25 TUESDAY

Natural Gas prices went up initially but unable to

hold above 165 levels which is strong res. Seems

prices could again test 156 levels. There buying

could come as it forms double bottom there. Wait

and watch 156 levels for buying with strict sl.

Wait for confirmation .

UPDATES FOR AUG 25 2009

AUG 25 TUESDAY

S1 RS 159.60 , S2 RS 157 , S3 RS 155.30

R1 RS 165.60 , R2 RS 168 , R3 RS 171.30

WAIT FOR CONFIRMATION.

UPDATES FOR AUG 24 2009

AUG 24 MONDAY

S1 RS 154.80 , S2 RS 152 , S3 RS 150

R1 RS 159.90 , R2 RS 161.40 , R3 RS `164

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 21 FRIDAY

Natual Gas continuous its weak trend. Pri9ces unable to

settle at higher prices. Often small prof taking coming

leading prices to go up for a short while. strong sup

is at 160 levels while res seen around 166.

No buying confirmation yet as its in red over

2 weeks.

MKT ALERT AT 5.50 PM AUG 21

MCX SEPT NAT GAS : TESTED BOTH SUPPORTS AT 162/160

CURRENT LOW 159.60 ( RECO AT 164 LEVELS ).

MARKET ALERT ON AUG 21 FRIDAY 5.30 PM IST

MCX Sept Natural gas unable to break resistances

weak below Rs 164.50 , and could target Rs 162 /

161 with Res at above Rs 166

MKT ALERT AT 4 PM AUG 21

LEVELS FOR MCX SEPT NAT GA : HAS RES AT 166/168


AND SUPPORT BELOW 162.CLD TEST RES.

SETTLEMENT RATE NAT GAS AUGUST 143.40.

UPDATES FOR AUG 21 2009

AUG 21 FRIDAY

S1 RS 162 , S2 RS 158.40 , S3 RS 156

R1 RS 168.70 , R2 RS 172.10 , R3 RS 175

WAIT FOR CONFIRMATION.

: Natural Gas prices continuous its down trend

today also after its inventories. Prices seems very

weAk.SEPT Prices are in nearly over sold so some

profit taking could come at lows. No uptrend seen

in the near term. Strong sup is at 160 lvels and

Res seen arund 170.

MARKET ALERT ON AUG 20 THURSDAY

US Natural Gas Storage Update Act +52bcf

EXP +56bcf Prev +63bcf

MARKET ALERT ON AUG 20 THURSDAY

US Natural Gas Storage Update Act +52bcf

EXP +56bcf Prev +63bcf

EXP NAT GAS INVENTORY : UP 57BCF; PREVIOUS UP 63 BCF.

Natural Gas prices continuous its down trend for

almost more than a week.Prices slightly in over sold

zone so any positive inventories tomorrow could decide

further trend. On weekly basis prices looks weak. A

close above 180 levels only looks positive further.

strong res seen around 175 levels Sup seen around 170.

Huge volatality expected as contract closing and inventories tommorrow.

mkt alert at 9 pm aug 19

MCX Sept natural gas is weak below Rs 172 ,

with res above 173.50 and cld test 170/169 levels.

MKT ALERT AT 7.30 PM AUG 19

MCX NAT GAS SEPT: CUTS RES 174.20/ CLD TEST NEXT RES

178( CURRENT SUPPORT 171.20 ).;

MKT ALERT AT 5.30 PM AUG 19

MCX SEPT NGAS CMP 171.10 HAS SUPPORT BELOW

170 AND CLD TEST RES 173/174.( LEVELS ).

UPDATES FOR AUG 19 2009

AUG 19 WEDNESDAY

S1 RS 170.30 , S2 RS 168 , S3 RS 165.60

R1 RS 174.60 , R2 RS 176.30 , R3 RS 178.50

WAIT FOR CONFIRMATION .

Natural Gas prices seems very weak. Prices unable

to sustain at higher levels. A close above 160 levels

only could take some short covering as contract expires.

Overall looks weak and range bound. Prices could test

150 levels ...if sustains below 158..

TECHNICALS FOR AUG 18 NYMEX TRADING

MCX AUG NAT GAS

SUPP; 176.50/174/171.60

RES:180.30/182.50/185

TECHNICALS FOR AUG 18

MCX AUG NAT GAS

SUPP; 173/171.30/168

RES: 177.60/180.20/182.60

WAIT FOR CALLS

TECHNICALS FOR AUG 17 NYMEX TRADING

MCX SEP NAT GAS

SUPP; 173/ 171.30/168

RES; 177,60./180.20/182.60

WAIT FOR CALLS

TECHNICALS FOR AUGUST 17

MCX AUG NAT GAS

SUPP: 158/156/154.30

RES: 164.30/166/168.30

WAIT FOR SHORTS

TECHNICALS FOR AUG 14

MCX AUG NAT GAS

SUPP: 161.60/159/156

RES: 167.30/169/172

WAIT FOR CALLS

MARKET ALERT ON AUG 13 THURSDAY 8.15 PM IST

Traders holding long as per our buy call given

earlier , book part profits at cmp Rs 170.

others hold for tgts given .

MARKET ALERT ON AUG 14 THURSDAY 8.00 PM IST

MCX Aug natural gas has support at Rs 165.50

and Res is seen at Rs 172.80

cmp Rs 167.50

could test Res.

TECHNICALS FOR AUG 13

MCX AUG NAT GAS

SUPP: 168/165.60/162

RES; 173.40/175.50/178

WAIT FOR CALLS

TECHNICALS FOR AUGUST 12

MCX AUG NAT GAS

SUPP: 170.60/168/166

RES; 176/179.30/181

PREFER SELLS AT RES

TECHNICALS FOR AUGUST 11

MCX AUG NAT GAS

SUPP: 173.40/170.60/1668

RES: 177.60/179.30/181

WAIT FOR CALLS

MARKET ALERT ON AUG 10 MONDAY 5.55 PM IST

MCX Aug Natural gas now has support at Rs 176.50

and Rs 174 .

Res is seen above Rs 181.30

CMP Rs 179.10

could test support.

UPDATES

TECHNICALS FOR AUG NAT GAS

AUGUST 10

SUPP: 175.40/172/169.60

RES 180.40/182.60/185

WAIT FOR CALLS

CLOSING COMMENTARY FOR AUG 7 FRIDAY

Natural Gas prices consolidating at low levels between

179 - 182. Prices have strong res of 183 - 185 levels

and strong sup of 178 - 174. Prices could re bound

till 200 - 205 levels if sustains above 174 on weekly

basis. Make note 174 is the strong support...

Buy around dips advised.

UPDATES FOR AUG 7 2009

AUG 7 FRIDAY


S1 RS 176 , S2 RS 170 , S3 RS 165.50

R1 RS 187 , R2 RS 194 , R3 RS 200

WAIT FOR CONFIRMATION.

Natural Gas prices came down after inventories..

.Natural gas has strong sup of 182 - 179 levels.

Prices if close below these coudl take ti till

177 - 176 levels. Buy on dips advised.

Natural gas prices having a mixed move in MCX.

Prices seen range bound between 187 - 192. Prices

having strong res of 195 and a break and close above

could test 200 - 205 levels. Buy on dips or buy

around supports advised.

MKT ALERT AT 8.20 PM AUG 5

MCX AUG NAT GAS : T1 ACH AT 193.( BUY AT 189)./

T2 195 CMP 194.80/

MARKET ALERT ON AUG 5 WEDNESDAY 8.25 PM IST

MCX Aug Natural gas looks strong at CMP Rs 193

it could test Rs 197 levels

support is seen at 189.80 levels.

MARKET ALERT ON AUG 5 WEDNESDAY 1.45 PM IST

MCX Aug Natural gas looks strong at Rs 188 to 189

Res is seen at Rs 193 / 195

support below Rs 186.

UPDATES FOR AUG 5 2009

AUG 5 WEDNESDAY

S1 RS 185 , S2 RS 183 , S3 RS 181.30

R1 RS 190.60 , R2 RS 193 , R3 RS 196

WAIT FOR CONFIRMATION.

CLOSING COMMENTARY FOR AUG 4 TUESDAY

Natural gas prices came down initially after Comex

opens for profit taking. Prices went up again cutting

its high. Prices have strong res of 192 - 193 levels.

Prices expected to test 195 - 200 levels shortly.

Strong sup seen around 185 - 182.

Buy advised.

MARKET ALERT ON AUG 4 TUESDAY 9.20 PM IST

MCX Aug Natural gas looks strong at CMP Rs 191.30

it could test Rs 196.50

support is seen at Rs 188.10 levels.

UPDATES

TECHNICALS FOR AUG 4

MCX AUG NAT GAS

SUPP: 188.30/186/182.60

RES: 193.70/196.10/198.20

WAIT FOR CALLS

Natural Gas prices went up after it breaks

a zig zag consolidation bwt 172 - 182. Prices

seen upper side as it break 182 and went up till

\191. Prices seems bullish till 195 - 200 in a

short term. Buy advised. Strong sup seen around

185 - 182 - 178