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Sunday, April 24, 2016

NATURAL GAS UPDATES FOR APRIL 26 2016


SUNDAY



WEEKLY UPDATE



Mcx Natural gas was traded in the range between 125 – 135 levels and last week it has


given a short term breakout above 136 levels and given a quick momentum to close


at 142.7 levels, trend for the commodity remains bullish and we expect prices to



gain momentum further to test new high up to 146 – 148 levels, supports for the commodity



is at 138 levels. Buy at current levels and on dips is advisable.



Weekly Call :



Buy Mcx Natural gas between 141.5 – 142.5



with SL below 138



for targets 146 – 148.



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