MCX Natural Gas Alert – Above 215 Buy on Dips Target 227—232 – Neal Bhai Reports

MCX Natural Gas Alert – Above 215 Buy on Dips Target 227—232 – Neal Bhai Reports
Total Supply/Demand Balance

We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 535 bcf for the week ending September 21 (up 7.0% w-o-w and up as much as 13.0% y-o-y). The deviation from the norm stayed positive and actually surged from +22% to +32% (see the chart below).

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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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MCX NATURAL GAS

MCX Natural Gas Call : NG if Close Above 210, We Blast Up To 214—217—222 – Neal Bhai Reports – INDIA – Jai Hind

MCX Natural Gas Call : NG if Close Above 210, We Blast Up To 214—217—222 – Neal Bhai Reports – INDIA – Jai Hind

Technical Power of CFA’s

(CHARTRED FINANCE ANALYST)

“No Magic, No Miracle, Just Power of Level”

Neal Bhai Reports (NBR) By CFA’s  and MFA’s Technical Team

Mobile No. 9582247600 & 9899900589

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