Mcx natural gas below 192-193 remain sell tgt 179 and below

Mcx natural gas intraday report for 8th November 2016 Mcx natural gas intraday report for 8th November 2016 Mcx natural gas future last closed at 187.7 with flat gains. Ng prices are seeing some buying on lower level but trend and outlook still bearish. On upside 192 to 195 is strong supply zone and below it ng still have open target of 179. Above 193 on closing basis expect fresh short covering rally up to 203. Below 179, expect fresh panic selling and deep downside up to 160.

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Pramod Baviskar

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