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Sunday, May 15, 2016

NATURAL GAS UPDATES FOR MAY 15 2016

SUNDAY


WEEKLY UPDATE




Mcx natural gas wasa trading in the same range between 136.5 – 146 levels for last



three weeks , last week once again tested the same levels and dropped back to 141 levels,



prices is expected to tests 136 levels in the days to come with strong resistance



at 146 levels, we expect prices to test 136 levels sell at current levels



and on rises is advisable.



Weekly Call :



Sell Mcx Natural gas at CMP 141'



and on rises up to 142.5


with SL above 146


for target 136.


for targets 3160 - 3220



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