MoneyMunch.com

Link to Moneymunch

Natural gas Struggling at Strong Support

Posted: 14 Sep 2020 03:54 AM PDT

free mcx naturalgas chart tips
On the chart above, we have plotted three different MAs on the 1-hour chart of Natural gas futures. As you can see, the 62 MA is indicating a downtrend ahead. And 5 MA & 30 MA are crossing each other for a reversal. This reversal can be for 174 to 180 levels.

But according to the support & resistance trendline, we may see continue price collapsing.

I have also highlighted a support area with green color. Particularly from this point, it’s taking a u-turn.

For safe traders, short positions can be initiated after 170 levels.
Targets: 167.6 – 165 – 162.6 – 160


Would you like to get our all commodity updates instantly? We have an option for you.
Click Here: Free Commodity Tips

Do you want to get Premium Calls only?
Click Here: Premium Commodity Tips

If you have any questions or concerns about Commodity Market then contact by following ways:
Email: support@moneymunch.com
Phone: +91 903 386 2706

Have you any question/feedback about this article? Please leave your queries in the comment box for answers.


The post Natural gas Struggling at Strong Support appeared first on Moneymunch.