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MCX NATURAL GAS Technical Chart - NG finding strong trend line support at current levels, Hope line for bulls. (Updated On 14th July 2014, Monday).


MCX NATURAL GAS




  • MCX NATURAL GAS facing strong trend line support at current levels  (253 & 245), Once NG closes below its support line then stock will favor bears as long as trades below.
  • Daily chart also indicates NG is trading below 200 days moving average, another sign for weakness.
  • Weekly chart indicates , NG  is now trading below 50 weeks moving average and its strong trend line support zone, if closes below then short term trend will favor bears and will find next strong support around 210, 192 & 169. 



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