Mcx Natural Gas Report: 22nd October 2019

Insignia Consultants

New Delhi

Tuesday, 22 October 2019

TIME 9:44 AM IST                         

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MCX NATURAL GAS REPORT

Natural gas is trading below the 100 day moving average as well as 200 day moving average. There can be a sell off if it falls till Thursday. One should use any 20-30 fall (if any) to invest in November future with a stop loss below 139.10.

Natural gas 25^th October 19 (previous day close/CMP Rs.159.10):

Small sell off below: 155.70

Quick rise over: 163.10

• Natural gas needs to trade over 100 day moving average of 163.10 to be in bullish zone and rise to 179.10.
• Key weekly support is at 155.70. Crash or sell off will be there if NG trades below 155.70 to 144.60.

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

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

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