mcx natural gas fresh weakness might take it to 130-120

mcx natural gas weekly forecast for 23 to 27 nov 2015
mcx natural gas future this week closed 143 with heavy loss.
natural gas future seen strong supply from market round 160
and 155 zones and now heading towards previous low of 127.
this fresh downside move is very bearish and ng future
.might break below previous low.
for next week, natural gas future will have support at
140 and 134 levels while on upside 154 and 157 will
remain as strong resistances.
trader keep short view and expect 130 to 120 targets
in upcoming weeks.
reversal can happen above 150 rupee level.

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Pramod Baviskar

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