NATURAL GAS - MCX
- As per previous report published on MCX Natural gas , NG has gave a bullish candle as its RSI indicator was in oversold zone. (Click here to see previous report on MCX NATURAL GAS).
- Now daily chart indicates NG has come out from over sold zone as shown above in chart no 1. Currently NG trend is not clear till it break its major support or resistance.
- Suggested Reading - MCX COPPER is on the verge of bullish breakout.
- Daily chart also indicates NG will find strong trend line and fibonacci retracement resistance around 240, 248, 256, & 264 as shown above. Closing above its resistance will give up move in NG.
- If NG Closes below 224 then can see further weakness and will find next strong support around 211 & 192. As shown above in chart no 3. Close watch.
- Click here to see all the trading reports (trading tips) published by us on MCX NATURAL GAS (as per technical analysis point of view).
- MCX Trading Tips
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