Insignia Consultants
New Delhi
Monday, 04 November 2019
TIME
9:17 AM IST
----------------------------------------------------------------------------------------------------------------
MCX NATURAL
GAS REPORT
I
have been bullish on natural gas since September. Cyclical overall bullish
phase between October to March should result in a natural trading with a firm
bias. The pace of rise of in each future will vary. We may not see a 2018 like
boom and bust in natural gas. Traders and investors have learned their lesson.
Winters in Northern hemisphere and the demand will the key to pace of rise of
natural gas and not the actual rise. With every sharp price in natural gas, the
risk to return ratio is in favour of the short term trader and short term
investors. Badla/spread needs to be closely watched between November and
January.
Natural gas 25th November
19 (previous day close/CMP Rs.197.90):
Small sell off below: 194.60
Quick rise over: 201.20
- Key resistance is at 201.20. Natural gas needs to break and
trade over 201.20 to rise to 210.90 and 220.30.
- Crash will be there below 194 or in case 201.20 is not broken.
- This is an intraday view
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.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE
USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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