SUNDAY
WEEKLY UPDATE
Mcx Natural gas prices last week dropped to 155 levels and recovered back to 168.3 levels on Friday
and closed at 164.5 levels, over all trend for the commodity still in the hands of bears and
prices recovered because of short covering , we expect selling to take place from current levels
since prices have not shown any bullish sign sell at current levels with stops above 170 levels
for 155 levels as targets.
Weekly Call :
Sell Natural gas between 165 – 167
with stops above 170
for targets 158 and 155(Trade Less)
