Navigation
”crude

Natural gas Trendline break

MCX natural gas is moving up in a channelised manner. It had started a move on the upside from the lower channel line. However, in the last session it has broken a rising trendline. The daily momentum indicator that was showing a negative divergence has triggered a bearish crossover. Thus, the gas is in for a short-term correction. Unless the high of 192.4 is crossed, it is expected to test the key daily moving averages, ie 170.

Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: