mcx natural gas weekly Technical analysis for 28 dec to 1 jan 2016

mcx natural gas weekly Technical analysis for 28 dec to 1 jan 2016
mcx natural gas future this week closed with gain at 133.4.
mcx natural gas weekly chart price trend is bearish but
momentum is on recovery side.
 
 
For medium term, mcx natural gas support zones are 133 and 118.
On upside expect strong resistance at 147 and 161 levels.
 
 
For next week , natural gas prices might continue to recover so
keep buy on dips view for mcx ng future with stop loss
below 133 for target 147 and 161.
 
 
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