SUNDAY
Natural gas over all trend for the commodity still looks
bullish and prices
went up to test its strong resistance level of say 390
levels but dropped
back to close near its trend line supports of say 378 levels
,
immediate supports for the commodity is at 365 levels and
resistance is at
381,385 and 390 levels,
Break down with volumes below 365
might see some sort of
correction up to 345 levels.
Market is expected to be high volatile due to contract
expiry
short covering may come in which will push up the prices to new high’s.
Supports 374, 369 and 365,
resistance 381, 385 and 390
levels.
Below 364 levels market may witness selling up to 345
levels
for traders.
