Mcx natural gas bounce back is over??

Mcx natural gas bounce back is over

Mcx natural gas intraday outlook for 17th November 2016

 

Mcx natural gas future on last trading session closed at 188.3.

 

We saw high near 192 but prices are now signs of fatigue and ng might show lower levels again.

 

On downside 179 is major support and mcx natural gas prices might breach that.

 

Mcx energy traders keep sell on rise view and expect targets 182 and 175 in short terms.

 

Mcx natural gas long term view chart suggesting prices might move towards 157 in medium term after bounce back.

 

On upside 199 is major hurdle.

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