Sunday, May 29, 2016

NATURAL GAS UPDATES FOR MAY 29 2016

SUNDAY


WEEKLY UPDATE



Mcx Natural gas after expiry new contract has given a momentum and recovered



from 142 levels to close at 147 levels, now trend for the commodity looks



bullish and very strong resistance is at 147 any decisive breakout above



147 may take the prices to 155 levels immediately with strong supports



below 143 levels. Buy above resistance is advisable.




Weekly Call:



Buy Mcx Natural gas only above 147




and add further on dips up to 146



with SL below 143



for targets 152 – 155 .



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