Intraday MCX Natural Gas Tips For Today Achived all Target and Mint Money. Neal Bhai Best MCX Tips Provider in India.
MCX Natural Gas 617 to 637.50 🚀🚀🚀
20.50 Point Achive 🪙🪙🪙
Total Profit 51,250 in 2 Lots 💰💰💰
We Expect In Natural Gas extra upside
Wednesday’s strong advance in prices of natural gas reached multi-week highs around $7.60. The move was against the backdrop of increasing open interest and volume, indicative that the rally remains well and sound for the time being. That said, the next hurdle for the commodity is seen at the $8.00 mark per MMBtu in the very near term.
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2 thoughts on “MCX Natural Gas Tips For Today: All Target Hit, 617 To 637”
In light of preliminary readings from CME Group for natural gas futures markets, open interest increased for the second session in a row on Wednesday, this time by around 5.5K contracts. On the flip side, volume reversed two daily builds in a row and shrank by around 4.5K contracts.
Prices of natural gas retreated markedly on Wednesday and closed around the 200-day SMA, today near $6.98 per MMBtu. The downtick was in tandem with increasing open interest, which leaves the door open to a deeper pullback in the very near term. A sustained break below the 200-day SMA should be supportive of extra losses for the time being.