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Sunday, October 16, 2016

NATURAL GAS UPDATES FOR OCT 16 2016

SUNDAY


WEEKLY UPDATE


Mcx  Natural gas last week jumped from 211 levels to test 2


 years high of 224 levels and closed at 218.5 levels, trend


 for the commodity remains bullish and we expect prices 


to move further but buy on dips is advisable for now ,


immediate supports for the commodity is at 215 – 211


 resistance for the commodity is at 218 – 221 levels.



Weekly Call :



Buy Mcx Natural gas on dips between 209 – 211


 with SL below 206


 for targets 216 – 218 – 221. 



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