MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 29-06-2016

MTECHTIPS MCX NATURALGAS INTRADAY trading analysis 29-06-2016
DAILY:- Mcx natural gas achieved all my targets up to 195. Natural gas prices surged Tuesday on expectations of continued strong consumption and concerns about a drop in production. For intraday 189 is major support.
WEEKLY :- Mcx natural gas future on Friday closed at 181.8 with gain. After correction up to 175 we saw buying on lower levels and once again natural gas resumed uptrend. On daily chart, mcx natural gas price trend and momentum both are bullish. Above 176 expect upside for natural gas prices. On upside 188 and 195 are resistance zones while on downside 180 and 176 are support zones. Above 176 short term outlook remain bullish for ng prices.
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