SUNDAY
SUNDAY
WEEKLY UPDATE
Mcx Natural gas was trading broadly in the range between 175 to 185 levels, either break will confirm the
next rally but prices were trading in the above said range for more than two months with 175 as supports
and 185 as resistance, trend for the week ahead looks positive and is expected to give a breakout above
185 levels, any break above 185 will be considered as a positive sign and we expect prices to test
immediately up to 190 – 195 levels, supports for the commodity is now at 181 levels.
Weekly Call :
Buy Mcx natural gas only above 185
and add further on dips up to 183
with SL below 181 for targets 190,
any close or decisive break out above 190 may extend the targets up to 193 and 195 with Stops at cost.
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