MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 31-05-2016

MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 31-05-2016
DAILY :- Mcx natural gas future intraday support zones are 144 and 140 while on upside 147 and 149 are intraday targets.
WEEKLY :-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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