mcx natural gas future monthly technical analysis report april 2016

mcx natural gas future monthly technical analysis report april 2016 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 for mcx natural gas future 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.

Read More :

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy       

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.