SUNDAY
WEEKLY UPDATE
Natural gas looks very bearish and we continue to maintain our bearish
view till prices reach 253 levels, the above said level is considered
as strong supports so mild positive cannot be avoided but sell on rises
will be the best strategy for the commodity and any time close below 253
then we expect prices to test 230 levels.
Weekly Call :
Sell natural gas at cmp 259.5
and on rsies up to 261
with stops above 264.5
for target 253.
If prices closes below 253
add further short with trailing stops above 259 levels
for targets 240 235 and 230.
