NATURAL GAS UPDATES FOR APRIL 23 2017

SUNDAY


WEEKLY UPDATE

                                              

Mcx Natural gas was trading in the range between 200 – 210 levels

 with negative bias, we expect natural gas to give a short term

 correction up to 190 levels with strong resistance above 208 

trend for the commodity remains bearish sell at current levels 

and on rises is advisable.

Weekly Call :

                                Sell Mcx natural gas at CMP 201.5 

and add further on rises up to 203.5 

with SL above 207.5 

for targets 195 – 192 – 190.

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