Natural Gas future daily chart analysis
Natural Gas future on Friday closed at 193.2 with loss. In this week we saw 3 down days for ng prices and 2 up day. Mcx natural gas below 196 will remain weak and sell for targets of 186 and then 172 rupees. Daily chart indicators are mixed but expect weak trend below 196 and lower levels for natural gas prices. If sustain above 196 then only buy till then keep bearish or sell on rise view.
Natural Gas future weekly chart analysis
Mcx Natural Gas future this week closed with loss. This was third losing week for Natural Gas future and in these 3 weeks we saw prices dropped by almost 10 rupees.
From long term view, mcx natural gas future below 246 will remain weak and sell. On downside 135 and then 100 rupees are support zones as well as target zones if downtrend persist. Above 246 expect trend reversal and bullish targets up to 330 and above.
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