SUNDAY
WEEKLY UPDATE
Mcx Natural gas last week opened at 205.7 levels and dropped to test 201.9 levels then
recovered back to hit a mid week high of 213.4 levels and after inventory dropped back
to close at 204.5 levels,over all trend for the commodity remains bearish and we expect
prices to drop further up to 200 – 193 levels, with strong resistance at 209 – 212.5 levels,
international prices was closed at 3.034$ any close below 3.005$ trend for the commodity turns bearish.
Weekly Call :
Sell Mcx Natural gas between 205 – 207
with SL above 209.5
for targets 200 and 198.
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