NATURAL GAS PRICE HAS BOUNCED FROM 9 EMA ON DAILY CHART. THE BOUNCE WAS ALSO SUPPORTED BY COLD STORM STARTED ON THURSDAY. THE BOUNCE WAS NEUTRALISED BY THE DOUBLE HEAD FORMATION AND SELLING HAS ALREDY BEGUN. I MY VIEW SHORT POSITION CAN BE OPENED BELOW 9 EMA FOR 200 EMA TARGET CONSIDERING LESS DEMAND IN COMING WEEKS.
NATURAL GAS MOVING CLOSURE TO 50 EMA, A LITTLE SUPPORT AT 20 EMA. ADVICE TO SELL BELOW 20 EMA FOR TGT OF 50 EMA, A SHAPE OF REVERSE CUP WITH HANDLE IS ALSO FORMED IN MCX ON DAILY CHART. KEEP EARNING.
