mcx natural gas weekly forecast for 12 to 16 oct 2015

natural gas future this week closed at 163.5 with gain.
mcx NG 5 weeks trend channel is down.
and 20 weeks trend channel is downtrend.
weekly chart RSI is at 37 with early bottom out signs.
natural gas weekly support zones are 158.5 and 156.
natural gas weekly resistance zones are 165.8 and 169.
mcx natural gas future weekly trading call will be
buy natural gas oct future near 158-156 zone with strict stop loss
for targets 166 and 169.

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Pramod Baviskar

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