NG-WEEKLY LEVEL'S
FEAR-FACT'S-AND STRATEGY
NATURAL GAS IS TRADING AT 128-129 LOWEST IN LAST MANY YEARS...
WILL IT GO DOWN MORE???
OR WE WILL SEE BOUNCE BACK IN NG???
NATURAL GAS IS COMMODITY WIDELY USED FOR DOMESTIC CONSUMPTION AND SOMEWHAT IT IS USED AS PROXY OF OTHER FOSSIL FUEL'S LIKE CRUDE AND COAL.
AS CRUDE PRICES ARE AT THEIR LOWEST LEVEL'S SINCE 2009 AND SAME IS DRAGGING NG PRICES LOWER.
AS SHOWN IN WEEKLY CHART OF NG THERE IS A VERY IMPORTANT SUPPORT FOR NG IN 115-120 ZONES AND WE SHOULD SEE GOOD BOUNCE FROM THERE.LIFETIME LOW FOR NG IN MCX IS 97 AND 95-100 WILL ACT AS ULTIMATE SUPPORT IF NG FAILS TO SUSTAIN 115-120 ZONES.
I ADVISE TRADER'S TO WAIT FOR LOWER LEVEL'S TO BUY NG AND PUT THEIR SL IN SUPPORT ZONES.
ON HIGHER SIDE WE WILL SEE LEVEL'S LIKE 162-177-186 IN NATURAL GAS.
NG WEEKLY CHART
NG- MONTHLY CHART
FEAR-FACT'S-AND STRATEGY
NATURAL GAS IS TRADING AT 128-129 LOWEST IN LAST MANY YEARS...
WILL IT GO DOWN MORE???
OR WE WILL SEE BOUNCE BACK IN NG???
NATURAL GAS IS COMMODITY WIDELY USED FOR DOMESTIC CONSUMPTION AND SOMEWHAT IT IS USED AS PROXY OF OTHER FOSSIL FUEL'S LIKE CRUDE AND COAL.
AS CRUDE PRICES ARE AT THEIR LOWEST LEVEL'S SINCE 2009 AND SAME IS DRAGGING NG PRICES LOWER.
AS SHOWN IN WEEKLY CHART OF NG THERE IS A VERY IMPORTANT SUPPORT FOR NG IN 115-120 ZONES AND WE SHOULD SEE GOOD BOUNCE FROM THERE.LIFETIME LOW FOR NG IN MCX IS 97 AND 95-100 WILL ACT AS ULTIMATE SUPPORT IF NG FAILS TO SUSTAIN 115-120 ZONES.
I ADVISE TRADER'S TO WAIT FOR LOWER LEVEL'S TO BUY NG AND PUT THEIR SL IN SUPPORT ZONES.
ON HIGHER SIDE WE WILL SEE LEVEL'S LIKE 162-177-186 IN NATURAL GAS.
NG WEEKLY CHART
NG- MONTHLY CHART
