Forex Report and Natural Gas report: 26th September 2018

Currency Report for Exporters and Importers : 26th September 2018           

MCX NATURAL GAS REPORT

Natural gas 26^th October 18 (previous day close/CMP Rs.223.10):

Bullish over 223.10 with 227.10-230.50 and 236.60 as price target.

Bearish below 216.90 with 211.60 and 207.30 as price target.

Neutral Zone: 216.90-223.10

One Support: 216.90

One Resistance: 223.10

o      100% retracement is at 230.50. Only a break of 230.50 will trigger a rise.

o      Buyers trade carefully as NG has corrected sharply in the past few years after failing to break 230.50.

o      Sellers will be there below 216.90.