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Natural Gas Technical Outlook 26.08.2014Back

Natural gas September contract closed at 241.60 down by 5.50 rupees. Today is the expiry of the August contract. September Contract today support would be 236 any move below that level would bring 231-229 and more down side. Resistance is now seen near 243 ay moves above that level would bring 247-250 and more upside.

Natural Gas trading range for the day is expected among the key support at 236 and resistance at 243.

Recommendation:

Today buying natural gas above 243 with stop loss below 240.50 for targeting 247-250 and more upside.

Selling below 236 with stop loss above 239 for targeting 232-229 and more down side might be appropriate.

 
 
 
Posted on: 26-Aug-2014 | Posted by: NIFM | Comment('0')
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