Mcx Natural Gas Report: 25th September 2019

Insignia Consultants

New Delhi

Wednesday, 25 September 2019

TIME 8:48 AM IST                         

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MCX NATURAL GAS REPORT

Natural gas October-November closing spread/badla was at Rs.12.10. Spread/badla between two continuous contracts in MCX natural gas has been 3-4 for most part of the year (after February). Spreads indicate that medium term price bottom is near in natural gas. 

Natural gas 25^th October 19 (previous day close/CMP Rs.180.80):

• Crash will be there only below 176 to 173.10 and 168.80.
• NG needs to trade over 182 to rise to 196.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, 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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

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