mcx natural gas weekly technical report for 7 to 11 dec. 2015

Mcx natural gas future this week closed with a loss at 146.7. Weekly chart price trend and momentum both are bearish and prices inching lower. After last week’s strong recovery, ng future resumed primary downtrend. On downside 143 and 136 rupees, levels are support zones for next week. On the upside, 155 and 162 levels will act as strong resistances as well as fresh short entry zones with stop loss. 162 is natural gas 20 weeks average level and has importance from long term trend change view. Traders here hold shorts with trailing stop loss for targets 143 and then 136 in next week. Monthly chart suggesting downside up to 132 if sustain below 162. mcx natural gas weekly technical report for 7 to 11 dec. 2015

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.