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Commodity Technical Report for MCX Gold, Natural gas & Mentha oil

Posted: 30 Mar 2017 09:36 PM PDT

Natural gas started moving higher since late February, many risks in the futures market and fundamentally this is not a good time. Natural gas linked inventories are high but this year it could go either way. This is all about long-term and I’ll write the full report of natural gas on next week.

But if we talk about intraday / short-term then I’d recommend to keep selling below 203 and keep buying above to the same level.

As per technical basis, it’s time for bearish reversal and we can see March new high today or next week beginning. Today it can upward up to 210 – 212 level.

GOLD: Here’s what the market could do today!

Mentha oil tried well to keep upside this week but yesterday it closed @ 985.8 in 6.7 rupees loss because of high selling pressure. Today weak opening may drag it more downside up to 980 level!

I think this is sufficient information for smart intraday traders!

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