MCX natural gas weekly analysis for 11 dec. to 15 dec. 2017
Mcx natural gas future this week closed at 180.2 with huge loss.
mcx natural gas future this week tumbled from high of 202 to low of nearly 178 rupees.
below 196, entered into downtrend and hit first bearish target of 180 rupee. below 180, next support as well as bearish target for december will be around 166 rupees.
from long term view, natural gas resumed downtrend after touching 209 resistance and now heading lower towards 155 rupee long term support.