Mcx natural gas hit low of 170 tgt 152

Mcx natural gas intraday outlook for 10th November 2016 Mcx natural gas intraday outlook for 10th November 2016 Mcx natural gas future last closed at 180 with gain. In intraday we saw swing low ear 170 and then strong recovery. Mcx natural gas future price trend and momentum still bearish. Mcx natural gas intraday support zones are 174 and 165 and these are target zones. On upside 181 and 185 are intraday resistances as well as fresh short entry zones. Swing traders below 180 rupee expect next downside target around 152. If sustain above 180 rupee means reversal signal for target 202.

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Pramod Baviskar

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