SUNDAY
WEEKLY UPDATE
Mcx Natural gas was dropped from 254 levels to test a low of 215 levels and recovered back
to close at 223.7 levels, it has filled the gap and taken supports at bottom levels,
for the week ahead we expect prices to give positive move up to 235 levels, supports
for the commodity is now at 220 – 218 levels and resistance at 230- 233.5 – 235 levels.
Weekly Call :
Buy Mcx Natural gas on dips between 220 – 221.5
with SL below 216.5
for targets 226 – 229.
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