MCX Natural Gas Report: 4th December 2018

Insignia Consultants

New Delhi

Tuesday, December 4, 2018

TIME 8:30 AM IST                       

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MCX NATURAL GAS REPORT

I have seen saying over the phone to the premium service subscriber that I am against investing or buying NG unless it breaks and trades over 360-370 zone in the short term. Chances of crash are high as long as NG does not break and trade over 360-370 zone.

Natural gas 26th December 18 (previous day close/CMP Rs.303.70):

Bullish over 313.80 with 323.90 and 333.10 as price target.

Bearish below 298.90 with 293.60 and 283.20 as price target.

Neutral Zone: 298.90-313.80

One Support: 298.90

One Resistance: 313.80

  • Small sell off will be there below 298.90
  • Quick rise will be there over 313.80.
  • I have seen saying over the phone to the premium service subscriber that I am against investing or buying NG unless it breaks and trades over 360-370 zone in the short term. Chances of crash are high as long as NG does not break and trade over 360-370 zone.
  • Today there can be very sharp two way moves.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)
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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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