CO:Natural Gas marching north on expected negative storage
Ahmedabad : Natural Gas blasted yesterday on the negative inventories of crude oil and on the expectation of decrement in the storage which is going to get released today at 9:00 PM (IST).
Meanwhile, MCX natural gas will also get backup from the news that India's output of gas has gone down by 8.5% , may result in boasting the prices.
As per our recommendation which was given yesterday it has already touched the level of Rs. 169 and we can still expect the level of Rs. 173 if it is able to sustain above Rs 163, adds Hardik Jani, research analyst, with Commodity Online.
