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Sunday, February 5, 2017

NATURAL GAS UPDATES FOR FEB 5 2017

SUNDAY



WEEKLY UPDATE




Mcx natural gas last week dropped from 228 levels to 205 levels a steep fall in last three weeks



trend for the commodity remains bearish however strong supports for the commodity is at 200 levels



and the Rsi for the commodity is also in oversold levels hence we recommend to buy the commodity



on dips with stops below 200 for targets 210 levels.



Weekly Call :




High Risk call Buy Mcx Natural gas on dips between 202 – 203




with SL below 198



for targets 208 – 210.



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