Friday, August 5, 2016

NATURAL GAS Positional Analysis 05-Aug-2016

07-Aug-2016 5:45 AM IST



CMP 2.776 / 186.2
RES: 2.884, 2.911 / 193.2, 195.3, 201.4
SUP: 2.721, 2.625 / 182.9, 176.6

BEARISH VIEW


As long as 2.884$ resists and a break of 2.265, I expect to see 2.597, 2.541, 2.474, 2.351, 2.314, 1.946
As long as 193.2, resists and a break of 176.6, I expect to see 172.9, 170.8, 166.6, 158.4, 155.7, 131.2



BULLISH VIEW


As long as 2.625 supports and a break of 2.997, I expect to see 3.154, 3.221, 3.324, 3.489.
As long as 176.6 supports and a break of 201.4, I expect to see 210.1, 214.3, 222.6, 233.5.

As per my view, I am bearish with Natural Gas.

No comments:

Post a Comment

QUICK LINKS:

GOLD/XAUUSD ANALYSIS JULY 2021

PREVIOUS ANALYSIS https://rajtechanalysis.blogspot.com/2021/06/goldxauusd-analysis-june-2021.html Long term analysis included in the above p...