MCX natural gas weekly forecast for 25 to 29 dec. 2017
Mcx natural gas future this week closed at 170.5 with gain.
mcx natural gas after breakdown below 196.5, hit bearish sell targets of 180.5 and 165 rupees. now looking oversold on daily chart and might give bounce back ahead.
above 165, remain buy and accumulate for next week for bounce back move towards 180 and 190 rupees.
from long term view, mcx natural gas is looking weak and heading lower towards 152 rupee support zone but remain as value investment on lower levels.