AHMEDABAD (Commodity Online): Natural gas MCX Aug contract opened at 195.3 against previous close of 195.8 and last traded at 193.7 down by 2.1 rupees after making an intraday low at 192.7 during the day.
Technically, range for Natural gas is from 185-210. 14 days RSI for MCX Natural gas Aug contract is at 33 levels and it shows downtrend.
Natural gas prices on MCX are falling from last three weeks consistently. The prices are likely to fall further as physical gas prices are also trading weak. Intraday traders can sell Natural Gas Aug contract near 195 with a stop loss of 198 and target of 191-186.
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