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Sunday, September 25, 2016

NATURAL GAS UPDATES FOR SEPT 25 2016

SUNDAY



WEEKLY UPDATE



Mcx natural gas last week jumped from 195 levels to 207 


and dropped back to close at 196.5 levels, strong supports


 for the commodity is at 195 levels, resistance for the commodity 


is at 200 – 204 – 207 levels, only close below 195


 we expect prices to give correction further if not likely


 to take supports at 195 levels to bounce back to same levels.



Weekly Call :


Sell Mcx Natural gas only on close below 195 


and add further on rises up to 197 


with sl above 201


 for targets 190 – 187.


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