Mcx natural gas remain bullish for targets 272 and 289

Mcx natural gas January 2017 outlook

Mcx natural gas January 2017 outlook

Mcx natural gas future this week closed at 251.9 with loss. After last 2 weeks strong rally from low of 221 to highs of 264. Natural gas prices seeing some retracement on profit booking.   Mcx natural gas daily chart price trend and momentum both are bullish. Mcx natural gas major support for January series is at 246 rupee level. Above it this energy commodity will remain buy and accumulate for monthly targets of 272 and then 289 rupees.   Daily closing below 246 means fresh breakdown and short term bearish trend start for this commodity. On downside 229 and 203 are major support zones as well as target levels on breakdown.   From long term view, natural gas future is in Bull Run and which will continue in 2017 and long term targets are 308 and 360 rupees for investors.

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 © 2009-2018. 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.