SUNDAY
WEEKLY UPDATE
Natural gas last week jumped to test 280 levels which is a strong resistance for
the commodity in short term and then dropped back to 265 levels on week end.
Prices looks very bullish for us and buy on dips is the best bet fundamentals
also confirm the same because of the prevailing weather condition in Northern
America demand for the commodity may rise which will eventually impact the
prices of natural gas. Buy on dips near 258 – 260 levels is the best bet.
Weekly Call :
Mcx Natural Gas buy on dips between 258 – 260
with stops below 255
for targets 268 and 273.
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