Mcx Natural Gas Report: 29th October 2019

Insignia Consultants

New Delhi

Tuesday, 29 October 2019

TIME 9:24 AM IST                         

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MCX NATURAL GAS REPORT

MCX Natural gas has to rise for week to zoom. 160-190 should be the wider trading range. NG needs to trade over 190 for few days in November to zoom to 230 and 280. Winters in northern hemisphere will be the key.

Natural gas 25^th November 19 (previous day close/CMP Rs.181.70):

Small sell off below: 174.30

Quick rise over: 183.10

1. NG needs to trade over 175.20 rise to 189.10 and 201.20.
2. Trend for today is bullish.
3. Crash will be there if 190 is not broken by Friday. .

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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