Weekly mcx natural gas tips for 21 to 25 November 2016
Mcx natural gas future this week closed at 193.6 with gain. Mcx natural gas is bouncing back from lows after strong correction. Mcx natural gas future on downside achieved target of 179 and given swing low up to 170 for target 152.
But value buying on lower levels as well as fundamental support pushed prices on upside. After breakout above 179, mcx natgas is heading towards 203 levels. But outlook still bearish and below 203, mcx natural gas future will remain sell.