Sunday, August 7, 2016

NATURAL GAS UPDATES FOR AUG 7 2016

SUNDAY



WEEKLY UPDATE



Mcx Natural gas wa trading highly in the range between 180 – 192 levels



for last two weeks , 180 remains strong supports and 192 remains resistance



for the commodity, last week moved from 184 – 192 levels and closed back at 186 levels,



we expect prices to correct in the first session and then may recover back to 195 levels,



below 180 prices may correct so 180 is considered as strong supports for now.



Weekly Call :




Sell Mcx Natural gas between 186 – 187.5



with SL above 192



for target 180.



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