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Sunday, January 22, 2017

NATURAL GAS UPDATES FOR JAN 22 2017

SUNDAY




WEEKLY UPDATE




Mcx natural gas was not able to sustain at higher levels and dropped straight



away from 240 – 220 levels trend for the commodity remains bearish for



short term and we expect prices to correct further up to 212 levels with



strong resistance above 225 levels. Sell only below 220 is advisable.




Weekly Call :



Sell Mcx Natural gas only below 220



and add further on rises up to 221



with SL above 225




for targets 215 – 212.



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