MCX NATURAL GAS REPORT
Natural gas 26th October 18 (previous day close/CMP Rs.228.10):
Bullish over 225.50 with 232.70 and 243.80 as price target.
Bearish below 222.40 with 216.10 as price target.
Neutral Zone: 222.40-225.40
One Support: 222.40
One Resistance: 225.50.
o NG will zoom to 250.90 if it manages to break and trades over 232.60 anytime till Friday.
o Small sell off will be there below 225.40.
CRUDE OIL REPORT
NYMEX CRUDE OIL (SEPTEMBER) - current price $75.19
Bullish over $75.80 with $76.60 and $78.40 as price target
Bearish below $74.50 with $73.60 and $71.60 as price target
Trading strategy: No call
· There will be another wave of rise if crude oil manages to break and trade over $75.84 to $76.60 and $78.40.
· Small sell off will be there below $74.50.
· Bearish trend will be there is a daily close below $75.00 today and tomorrow.
No comments:
Post a Comment