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Sunday, October 11, 2015

NATURAL GAS UPDATES FOR OCT 11 2015

SUNDAY




WEEKLY UPDATE


Mcx Natural gas was trading in the range between 160 – 165 levels with 165 acting as a strong



resistance for now and 160 as sits strong supports either break may witness a rally, but over



all scenario looks bearish from our point of view and we expect a correction to happen only



below 160, because for last one week prices have taken very strong supports at the above said levels.



Weekly Call :



Sell Mcx Natural gas only below 160



and add further on rises up to 162



with SL above 165



for targets 155 and 152.



High Risk can take a chance buy Selling Mcx Natural gas between 163 – 164



with SL above 167



for target 158 and 155.



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Will tell u when to buy or exit and what rates




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