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Sunday, October 9, 2016

NATURAL GAS UPDATES FOR OCT 9 2016

SUNDAY


WEEKLY UPDATE


Mcx Natural gas last week has given a clear breakout above 207 


and prices tested 214 levels and closed at 212 levels, after

 the news breakout that Hurricane Mathew Devastated the


 important towns and rigs in Atlantic shore, prices shoot up 


to 214 levels, if any major production drop due to Mathew 


then we expect price to jump further up to 220  - 225 levels


 immediately strong supports for the commodity is now


 at 207 – 205 – 201, resistance is at 214 – 219 – 222.



Weekly Call :



Buy Mcx Natural gas on dips between 207 – 209


 with SL below 204


 for targets 214 – 217. 



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