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Sunday, September 11, 2016

NATURAL GAS UPDATES FOR SEPT 11 2016

SUNDAY



WEEKLY UPDATE



Mcx Natural gas last week bounced from its low 179 levels



 to hit a high of 190 levels and closed at 188.6 levels, 



as per our study in daily charts it has given a descending



 triangle breakout above 188 levels, in in weekly charts it



 has taken strong supports at 179 levels( trend line ) and



 bounced now resistance for the commodity is at 190 levels above



 190 we expect prices to give big move in a stretch to test 202 levels.



 Buy only above 190 is advisable.



Weekly Call :



                                Buy Mcx Natural gas only above 190 



and add further on dips up to 188.5


 with SL below 185 



for targets 196 – 199 – 201.


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