Mcx natural gas monthly report for December 2016
Mcx natural gas future on last trading session closed at 240.9 with strong gains.. For month of December 2016, pivot level on upside 250 and then 273 are my target zones for this series. On downside below 210, on weekly closing basis downtrend will start for targets 189 and 150 rupees. , price trend and momentum both are bullish. On mcx natural gas future achieved target of 199 and now heading for target 252. Weekly closing above 252 means super bullish natural gas for long term with price targets 295 and 348.