MCX Natural Gas Trend & Trading Tips

MCX Natural Gas Trend : Short-Term Bullish
MCX Natural Gas has been trading negatively for the past six months, forming lower tops and flat bottoms resisted by downward-sloping trend line R. The price is currently showing some bounce back from the major support line of Rs.170. The 14-period RSI is also showing some divergences and heading north which indicates that the short-term momentum is bullish.

Hence a test of long-term resistances line (R) is possible in the coming 2-3 weeks and buying natural gas on dips would be the advisable strategy.

Trading Strategy
Buy MCX Natural Gas around 175-176 level, with the stop loss closing below Rs.168 level for targeting Rs. 190–195.

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This blog is not intended as professional advice. The author disclaims any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.

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