Mcx natural gas future in April 2016 trading with gain. After last month’s strong recovery prices are still showing demand. Mcx natural gas future daily chart showing bullish price trend. Shows support at 124 and 116 while resistance as well as targets at 137 and 142. Mcx natural gas future weekly chart price trend is down but momentum is on recovery side. Here supports are 121 and 105. While resistances as well as targets are 134 and 145. Mcx natural gas monthly chart price trend is down but momentum is on recovery side. Monthly chart support zones are 129 and 109. On upside resistances are 136 and 145. My view forfuture will remain bullish above 124. My targets will be 139 and then 149. Above 149 expect super bullish targets. On downside below 124 on weekly closing considered as trend reversal and breakdown. Downside major support zones are 114 and 98.
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