SUNDAY
WEEKLY UPDATE
Natural Gas was trading in bearish zone for more than four weeks and is
expect to trade down further if it gives a break down below 225 levels,
sell on rises is the best bet for the commodity, immediate supports
for the commodity is now at 225 levels , any sustainble break below 225 levels
will bring down the prices to 210 levels.
Weekly Call :
Sell Natural Gas below 225 on closing basis
with stops above 229
for targets 216 and 210.
(note short coverning may come in if prices holds above 225
that why we gave sell call on closing basis.)
