MCX Natural Gas yesterday settled up by 7.79% at 362.5 driven by a bullish mix of expectations for higher demand due to warmer weather projections and sustained outages due to storm Ida while also tracking a rally in global gas prices.
Natural Gas MCX
Natural Gas Skyrockets Again to $500 as Blackouts Spread in U.S.
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.
Natural Gas MCX Day Trading Zone Between 165—188
Gold Silver Reports – Technically MCX Natural Gas market is getting support key level at 169 and below same could see a test of 165 level, And resistance key is now likely to be seen at 183, a move above could see prices testing 188 level.
Natural Gas MCX Under Selling, Support Level 162
Gold Silver Reports – Technically Natural Gas market is under fresh selling as market has witnessed gain in open interest by 4.74% to settled at 24092 while prices down 5.6 rupees.