MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 23-05-2016
Mcx natural gas future this week closed with loss. This week we saw lower levels up to 133. My given tgts was 130 and below.For next week, mcx ng future below 139 remain weak and sell. On upside 142.5 and 153 are strong resistances as well as fresh short entry zones. On downside 133 and 129.7 are supports as well as tgts zones for next week.From long term view, natural gas prices will move upside after testing support zone of 120-125. Only above 160 rupee long term downtrend will change.
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