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Sunday, May 4, 2014

MCX NATURAL GAS UPDATES FOR MAY 4 2014

SUNDAY


WEEKLY UPDATE



Natural gas was not able to break its resistance at 290 levels

twice it tested the levels and then dropped to 282 levels

with immediate resistance at 286 levels for the week ahead

we expect prices to test 278 and 273 levels .

Weekly Call :

Sell Natural gas between 282 – 283 levels

with stops above 286

for targets 278 and 274 levels.