NYMEX / MCX: NG Postional View 31-Jan-2017

CMP: 3.240
Res: 3.555/3.955
Sup: 1.599

As long as NG resisted by 3.555/3.955, I expect to see 3.116-3.050, 2.773-2.740, 2.547-2.496-2.428.

Important level to watch: 2.300-2.285 if we reach there.

Retracement levels: 3.393, 3.050, 2.773, 2.496, 2.287(important level), 2.153, 2.101, 1.857, 1.599(100%).

Any reversal from the above levels, 1st target: 3.947, 4.389$.
Other targets: 5.520-5.787, 6.218-6.252, 7.347-7.675$


MCX
CMP: 217.6
Res: 240/264
Sup: 109

If NG resisted by 240/264, I expect to see 207-204, 187-186, 175-168.

Important level to watch: 156-145 if we reach there.
If NG supported by 109, and any reversal, 1st tgt 263.