The commodity price report for natural gas MCX Mar contract is that it is opened up this morning at 180.4 vs. previous close of 178.7 made an intraday low at 178.7 at commodity market.
In recent timing, the contract for commodity natural gas is seen to be traded on 180.2 up by 1.5 rupees after it made an intraday high at 181.7. The result was commodity prices for natural gas future are likely to rise further on bargain buying and could test 186-189 levels within next few trading days.
Technically, range for Natural gas is from 165-195. Positional traders are advised to buy on dips.
The commodities 14 days RSI for MCX Natural gas Mar contract is at 51 levels and it shows that natural gas prices are trying to rising. Positional traders can buy MCX Natural Gas Mar contract near 176 with a stop loss of 166 and can wait for targets of 185-190.
In recent timing, the contract for commodity natural gas is seen to be traded on 180.2 up by 1.5 rupees after it made an intraday high at 181.7. The result was commodity prices for natural gas future are likely to rise further on bargain buying and could test 186-189 levels within next few trading days.
Technically, range for Natural gas is from 165-195. Positional traders are advised to buy on dips.
The commodities 14 days RSI for MCX Natural gas Mar contract is at 51 levels and it shows that natural gas prices are trying to rising. Positional traders can buy MCX Natural Gas Mar contract near 176 with a stop loss of 166 and can wait for targets of 185-190.
