mcx natural gas weekly-124 is major trend support

mcx natural gas weekly-124 is major trend support Mcx natural gas future this week closed with loss. After last 2 weeks gains, ng prices saw sharp supply from market and closed near lows.   Mcx natural gas future major support zone is 124 and above it outlook and strategy will remain buy and accumulate.   On upside 139 and 149 are my target zones. This week we saw high near 136.6 but prices failed to test 139, which resulted in profit booking.   Weekly closing below 124 means breakdown for downside targets of 114 and 110.

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Pramod Baviskar

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