MCX NATURAL GAS
REPORT
Natural
gas 26th October 18 (previous day close/CMP Rs.228.10):
Bullish
over 225.50 with 232.70 and 243.80 as price target.
Bearish
below 222.40 with 216.10 as price target.
Neutral
Zone: 222.40-225.40
One
Support: 222.40
One
Resistance: 225.50.
o
NG will zoom to 250.90 if it manages to break and
trades over 232.60 anytime till Friday.
o
Small sell off will be there below 225.40.
CRUDE OIL REPORT
NYMEX CRUDE
OIL (SEPTEMBER) - current price $75.19
Bullish over $75.80 with $76.60 and $78.40 as price target
Bearish below $74.50 with $73.60 and $71.60 as price target
Trading strategy: No call
·
There will be another wave of rise if crude oil manages to break
and trade over $75.84 to $76.60 and $78.40.
·
Small sell off will be there below $74.50.
·
Bearish trend will be there is a daily close below $75.00 today
and tomorrow.
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