Mcx Natural Gas Update : 5th July 2018

Mcx Natural Gas Update : 5th July 2018
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Natural gas 26^th July 18 (previous day close/CMP Rs.196.20):

Bullish over 200.90 with 206.10 as price target.

Bearish below 196.20 with 192.90 and 189.10 as price target.

Neutral Zone: 196.20-200.90

One Support: 196.20

One Resistance: 201.70

o     NG will crash if it trades below 196 today.

o     100 day moving average around 184.60 is the key support.

o     NG will move into a short term bearish phase if it trades below 184.60 after the release of US weekly crude oil inventories.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani

NOTES TO THE ABOVE REPORT

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

Indian Standard Time (IST): +5:30 GMT

Current Market Price (CMP)

All foreign exchange prices are for inter-bank rates. 

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