Mcx natural gas hit 202.5 level watch for breakout or reversal

Mcx natural gas hit 202.5 level watch for breakout or reversal Mcx natural gas technical call for 22 November 2016 Mcx natural gas future last closed at 200.1 with huge gains. Mcx ng hit 202-203 zone and closed just below it. 203 is major hurdle and resistance. Above it uptrend will start while below it downtrend will resume. Traders keep wait and watch strategy here and below 203 remain short with stop loss. Buy only on breakout with strict stop loss. Volatility will remain concern across the board.

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Pramod Baviskar

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