MTECHTIPS;-MCX Natural Gas intraday close above Rs.185 may take it to Rs.195'

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MTECHTIPS;-MCX Natural Gas intraday close above Rs.185 may take it to Rs.195′

 

natural gas October contract gets closed above Rs.185 on Wednesday, then prices could climb to Rs 195 for coming session, according to Ankush Jain, Manager-Research (metals-energy), Commodity Online.“Technically on daily charts, natural gas is still looking positive for an intra-day session. Now strong resistance in natural gas is expected at Rs 186 and support at Rs 178.” he said, “as trend is still positive, traders are advised to the take along positon in natural gas around Rs 180 with stop loss of Rs 178 for target near Rs 184 and 186.” and added.Natural gas on Monday traded on a positive note and closed up by 3% at Rs.181.60 as buying rally continued to lift the heating fuel. Recent weather forecasts have shown cooler-than-normal temperatures expected across most parts of the US in the first two weeks of October.“Despite the recent upward movement in prices, ongoing concerns over bloated US inventory levels are likely to cap further gains in the near-term.” according to

WWW.MTECHTIPS.COM 07489294118/119MTECHTIPS;-MCX Natural Gas intraday close above Rs.185 may take it to Rs.195′

 

natural gas October contract gets closed above Rs.185 on Wednesday, then prices could climb to Rs 195 for coming session, according to Ankush Jain, Manager-Research (metals-energy), Commodity Online.“Technically on daily charts, natural gas is still looking positive for an intra-day session. Now strong resistance in natural gas is expected at Rs 186 and support at Rs 178.” he said, “as trend is still positive, traders are advised to the take along positon in natural gas around Rs 180 with stop loss of Rs 178 for target near Rs 184 and 186.” and added.Natural gas on Monday traded on a positive note and closed up by 3% at Rs.181.60 as buying rally continued to lift the heating fuel. Recent weather forecasts have shown cooler-than-normal temperatures expected across most parts of the US in the first two weeks of October.“Despite the recent upward movement in prices, ongoing concerns over bloated US inventory levels are likely to cap further gains in the near-term.” according to

WWW.MTECHTIPS.COM 07489294118/119MTECHTIPS;-MCX Natural Gas intraday close above Rs.185 may take it to Rs.195′

 

natural gas October contract gets closed above Rs.185 on Wednesday, then prices could climb to Rs 195 for coming session, according to Ankush Jain, Manager-Research (metals-energy), Commodity Online.“Technically on daily charts, natural gas is still looking positive for an intra-day session. Now strong resistance in natural gas is expected at Rs 186 and support at Rs 178.” he said, “as trend is still positive, traders are advised to the take along positon in natural gas around Rs 180 with stop loss of Rs 178 for target near Rs 184 and 186.” and added.Natural gas on Monday traded on a positive note and closed up by 3% at Rs.181.60 as buying rally continued to lift the heating fuel. Recent weather forecasts have shown cooler-than-normal temperatures expected across most parts of the US in the first two weeks of October.“Despite the recent upward movement in prices, ongoing concerns over bloated US inventory levels are likely to cap further gains in the near-term.” according to

WWW.MTECHTIPS.COM 07489294118/119