MCX PIVOT POINT

Change the browser if you are unable to view this Mcx Pivot Point Table

If you are Satisfied our FREE Web Service than Kindly Refer to Your Friend and Circles.

May 10, 2014

NG bears hit hard

MCX natural gas, after a sharp rally, had nose-dived in February this year. Then it entered a pull-back mode and retraced 23.6% of the previous fall. However, bears didn’t allow bulls to stretch their arms. Consequently, the pull-back turned out to be a shallow one and the gas has started tumbling once again. It has broken the key daily moving averages. The daily momentum indicator has triggered a bearish cross-over. Thus natural gas can fall back towards the low of 253.40, where there is a medium-term rising trend line as well. On the other hand, the swing’s high of 290.50 will act as a key hurdle.

Today's Free Power Levels

(Disclaimer : The above chart shown is for study purpose only and not for trading decision) Click Here For More