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Sunday, June 22, 2014

NATURAL GAS UPDATES FOR JUNE 22 2014

SUNDAY



MARKET UPDATE


Natural gas was trading in a wide range between 268 to 286 levels


for last one month , prices now closed at its supports of say 273 levels


below 273 we expect a correction up to 266 levels,


resistance is now at 278 levels,


best bet would be sell at cmp and on rises upt o 276


with stops above 278 for the said targets.


Weekly Call :


Sell Natural gas at cmp 273.5


and one more on rise near 276


with stops above 278


for targets 268.5 and 266.