MONDAY
WEEKLY UPDATE
Mcx Natural gas last week dropped from 132 levels to 115 levels and closed at 117 levels,
trend for the commodity remains bearish and we expect prices to correct further up to 100
to 90 levels on positional basis sell on rises is advisable strategy immediate resistance
for the commodity is now at 120 , 123 125 and 129supports for the commodity is at 110 , 104 ,and 100.
Weekly Call :
Sell Mcx Natural gas on rises between 119 – 121
with SL above 123.5 for targets 114 and 110,
close below 110 we expect prices to test 104-100 levels
