Mtechtips NATURALGAS MCX intraday trading analysis 08-10-2012

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Mtechtips NATURALGAS MCX  intraday trading analysis 08-10-2012

Mcx natural gas 26 oct 2012 expiry future closed at 177.1 with gains over 1%.on daily chart natural gas prices now cooling down on correction after huge run in last 2 weeks. last closing was above weekly level of 176 so that indicate bullish reversal. below 167 is first major monthly level support and below that 160 will be final short term trend support. by daily chart analysis,we expecting that above 176 on closing basis traders should maintain long view for targets of 180-185.