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Sunday, May 1, 2016

NATURAL GAS UPDATES FOR MAY 1 2016

SUNDAY



WEEKLY UPDATE



Mcx Natural gas last week corrected due to contract expiry even the new contract dropped


up to 136.5 levels, technically 136 is considered as strong supports for the commodity


prices recovered from 136.5 to close at 143.8 levels, trend for the commodity looks


bullish and we expect prices to continue its rally till 150 – 152 levels,


buy at current levels and dips is advisable.



Weekly Call :



Buy Mcx Natural gas between 142 – 143.8



with SL below 139.5



for target 150 – 152.




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