AHMEDABAD (Commodity Online): MCX Natural Gas traded on higher side and closed up 0.65%, around the level of Rs 185.2. As per the report of US NWS the temperature of eastern half of the US will be cooling during upcoming week. So we can expect some upside movement in MCX Natural Gas, which is expected to make a higher side around the level of Rs. 194 to Rs. 205.
Techncially, it has given a break out around the level of Rs. 187, and its major support is coming around the level of Rs. 180, so one can buy with ultimate of stop loss of Rs. 180 for the targer of Rs. 194 and Rs. 205, says Hardik Jani, technical analyst with Commodity Online.
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