MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 10-06-2016
DAILY :- Mcx natural gas achieved my 173 target next targets are 186 and 194 if sustain above 171.
WEEKLY :-Mcx natural gas future this week closed with strong gains at 161.6. In last 2 weeks period natural gas prices rallied by 30 rupee and trading at highs. For next week, mcx natural gas future outlook is bullish and strategy will be buy at support with stop loss. Mcx natural gas weekly resistances are 164 and 173. While on downside mcx natural gas will have supports around 152 and 140.For June 2016, natural gas future has achieved my first targets 163 and now next week be 173. On downside 147 is major support and above it keep buy on dips view for month.