Adjacent chart shows price movement of MCX Natural continuous contract. It bounced back sharply from the support level. Natural Gas is making higher top higher bottom on the daily chart indicating uptrend in the short term. On the way up, it is likely to inch higher towards 200 – 200.50. Dips towards 192 – 189.50 shall be seen a buying opportunity as long as it is trading above the swing low of 185.10.The momentum indicator has turned bullish.

Natural Gas is making higher top higher bottom on the daily chart

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