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Sunday, February 16, 2014

MCX NATURAL GAS UPDATES FOR FEB 16 2014

SUNDAY

Natural Gas last week once again jumped from its support levels and hit a

 high of 333.9 levels, but could not able to close above 330 levels for all 

the consecutive 3 weeks, buyers can buy natural gas near immediate

 support levels of say 314 levels for targets 330 levels else wait

 for breakout of above 330 levels.


Weekly call :

Buy Natural gas only on dips at 315 levels 

with stops below 307

 for targets 325 and 330 levels. Or


Buy natural gas only a close above 330 levels

 with stops below 320

for targets 350 and 360..