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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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