Sunday, June 12, 2016

NATURAL GAS UPDATES FOR JUNE 12 2016

SUNDAY


WEEKLY UPDATE





Mcx Natrual gas was given a steep jump last week and tested its 8 months high



at 175 levels and dropped to close at 171 on profit booking, exact breakout was



taken place above 146 levels and jumped to 175 levels now that the next range



is at 185 – 190 levels, we expect a small correction up to 167 levels



which will give a next move up to 185 – 190.



Weekly Call :



Buy Mcx Natural gas oon dips between 166 – 167.5



with SL below 157



for targets 175 – 180 – 183.




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