MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 30-05-2016
Mcx natural gas future this week closed with strong gains. Natural gas prices after breakout above 132 trading in range of 148 on upside and 133 on downside. On weekly chart, mcx natural gas future price trend and momentum both are bullish and natural gas continuously testing major support which is also bullish sign means upcoming move will be strong and firm. Above 133 mcx natural gas future remain buy for tgts 148 and 157. While monthly chart suggesting this recovery rally has its target at 165 rupee level.
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