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Sunday, May 24, 2015

NATURAL GAS UPDATES FOR MAY 24 2015

SUNDAY


WEEKLY UPDATE




Mcx natural gas last week went up to 199 levels and then dropped back to 185 and closed at



same levels , immediate supports for the commodity is at 184 and resistance at 188 and 192



levels, trend for the commodity remains bearish for now if prices given a breakdown below



184 then steep correction up to 175 levels is expected.




Weekly Call :




Sell Natural gas only below 184





and add one more lot at 186




with stops above 190



for targets 179 and 175



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