NATURAL GAS MCX SELL 197—198 TARGET 192 — 190 SL PAID

NATURAL GAS MCX SELL BETWEEN 197—198 TARGET 192 — 190 SL PAID. Natural gas futures jumped to settle at Rs 191.40 per mmBtu on December 11 as participants trimmed their position as seen by the open interest. Natural gas price had risen 0.42 percent during the week.

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MCX NATURAL GAS

MCX Natural Tips – NG Under Fresh Buying, Strong Support @ 203 – Neal Bhai

The limited price action suggests short-covering is taking place as buyers attempt to absorb the huge discount that was posted ahead of the storm last Thursday and Friday. Meanwhile Tropical system Florence will bring areas of showers to the Northeast today, then exiting.

MCX Natural Tips – NG Under Fresh Buying, Strong Support @ 203 – Neal Bhai

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