MCX-Natural Gas may also chart upwards in the short-term

MCX-Natural Gas may also chart upwards in the short-term

by admin- Wednesday, February 19th, 2020 07:36:07 AM

The spot price of Natural Gas on the MCX has been buying and selling flat over the past one week. On the other hand, the March futures contract of Natural Gas at the MCX has been growing in the beyond few buying and selling classes and as a end result, the premium at which the futures settlement has been trading has gone up. This may be a bullish indication. The contract which has rallied beyond the 21-DMA, faces a resistance at ₹142.7. A decisive breakout is needed for a in addition upmove.

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