NATURAL GAS UPDATES FOR JUNE 5 2016

SUNDAY


WEEKLY UPDATE



Mcx Natural gas has given a break out above 148.5 levels and jumped



to 165 levels and closed at 161.5 levels, trend for the commodity remains



extremely bullish and we expect prices to move further up to 175 – 178 levels,



strong supports for the commodity is at 160 – 157 levels



resistance for the commodity is at 168 – 170 – 173 – 175 levels.



Weekly Call :




Buy Mcx Natural gas on dips between 160 – 161



with SL below 156.5



for targets 168 – 170 – 173 – 175.