NATURAL GAS UPDATES FOR FEB 28 2016

SUNDAY



WEEKLY UPDATE




Mcx Natural gas prices was traded in the range between 120 – 126 levels, strong supports



for the commodity is at 120 and resistance at 125 levels, trend for the commodity



remains sideways to weak and a breakdown only below 120 will confirm the next downside ,



international prices was already at all time low 1.74$, and further correction is



expected up to 1.5$.



Weekly Call :




Sell Natural gas only below 120



and add further on rises up to 122



with SL above 125



for target 115.


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