Mcx natural gas intraday outlook for 15th November 2016
Mcx natural gas on last trading session closed at 189.1 with upper circuit. Mcx ng future price trend and momentum both are bearish and achieved my given swing target of 179 and then after give low of 170. Last session was reversal move and now above 179 expect upside target of 203.
For intraday mcx ng outlook remain bullish as prices are deeply oversold. Traders can buy ng near 180 with stop loss for swing target of 203+. For intraday, mcx ng support zones are 184 and 178 and fresh buy zones. On upside 192 and 197 are resistances as well as target zones.