natural gas intraday trading levels for 16 oct 2015

natural gas future today closed at 159.9 with loss.
On daily chart, natural gas future 1 week price channel is down.
And 1 month price channel is showing down trend.
Daily chart RSI is at 33 and bearish.
mcx ng intraday support levels are 159 and 158.
mcx ng intraday resistance levels are 162.5 and 164.5.
mcx natural gas intraday trade will be
sell mcx natural gas oct future around 163-164
with stop loss for target 158 and below.

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Pramod Baviskar

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