Bulls Will Take Control NaturalgasDear Followers,
I wanted to keep you informed about the latest developments in the MCX:NATURALGAS2! natural gas market. Recent trends indicate a potential Uptrend in natural gas prices. This presents a potential opportunity for a Long position.
Key Points: MCX:NATURALGAS1!
🔹 Natural gas prices have shown a consistent downward movement over the past weeks.
🔹 Supply levels have been relatively stable, while demand has experienced some fluctuations.
🔹 Experts suggest a short-term Bullish outlook for natural gas.
Action Plan:
Considering the above factors, it might be prudent to consider a Long position in the natural gas Sep Contracts.
Natural gas will try to face 1st Resistance Near 228-230 and If its break then Probably We Can See 245-250 level and if its break then it will test 260-270 level.
Buy Near 216-220 Stop Loss 208 Target 235,245,250
Investment Required - 70000
Maximum Loss - 10000
Profit Upto 42500
Risk Management:
As with any investment decision, there are inherent risks. Natural gas prices can be volatile, and sudden market shifts can impact your investment. Ensure you have a risk management plan in place.
Please note that market conditions can change rapidly. We recommend staying updated with real-time market data and consulting with a financial advisor before making any trading decisions.
Feel free to reach out to us if you have any questions or need further assistance.
Best regards,
Ajay Metha