Mcx natural gas future trading at 181.8 with gains for today. Yesterday we saw low near 179 with 5% plus sell off from 189+ high to low near 179 rupee. Mcx natural gas future given as sell for august 2017 below 188.1 for subscribers for positional target 182 and then 175. Mcx natural gas last session move achieved my given bearish target of 182 and hit low near 179 while my next target was 175 rupee.
Now below 188.5 remain sell on rise for august 2017 month and commodity traders can expect 175 and then possibly 166 rupee as target zones for this series. Buying or upside is expected above 188.5 on daily closing basis till then natural gas commodity will remain weak and absolute sell!!
From long term, mcx natural gas future looking weak and might heading for my bearish target as well as historic support around 155-150 rupee zone.
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