MCX Natural Gas Target For Today: Natural Gas yesterday settled up by 1.34% at 189.1 on forecasts for cooler weather and higher heating demand in mid- to late-April, the first time in seven weeks prices rose three straight days.
Natural Gas Price Today: According to preliminary figures for Natural Gas futures markets from CME Group, open interest and volume went up by around 8.2K contracts and by around 34.2K contracts, respectively, on Wednesday.
Natural gas for physical delivery in the U.S. was trading for as much as $500 per million British thermal units on Monday as demand for the heating and power plant fuel soared amid a deep freeze.
Natura Gas MCX Buy For Target Price 218——224, Natural gas prices edged lower on Thursday, as the decline in riskier assets weighed on commodities. Inventories grew by less than expected according to the latest report from the Department of energy.
- WTI stays positive while flirting with February 2020 top.
- Overbought RSI conditions probe bullish chart formation around nearby resistance.
- 21-day SMA, channel support close adjacent doors for seller’s entry.
- Headlines from OPEC meeting will be the key to follow.
Natural Gas, Copper MCX Tips Today Rocking All Target Hit – Copper yesterday settled down by 1.93% at 598.5 hit by uncertainties about the outcome of a $1.9 trillion U.S. stimulus package proposed by new President Joe Biden, which is expected to boost demand for metals.