Natural Gas(Feb12 MCX)ST: short term rebound towards 162.4
Our pivot point stands at 124.4.
Our preference: short term rebound towards 162.4.
Alternative scenario: the downside breakout of 124.4 would call for 113 and 106.2.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. The price is trading under both its 20 and 50 day MA (respectively at 140.46 and 159.54).
Supports and resistances:
169.6 *
162.4 **
155.2
137.7 last
128.9
124.4 **
113 *
SEE MY RECOMENDETION BUY ON DIPS WITH S/L 112 , MAKE LOW IN LAST EXP. 112.30 ONLY ( not break long time low 2009 year)
almost my 1st target hit and make haigh 136+since friday trading session..
SEE MY RECOMEND LEVEL -->
http://lakshyasharebazar.blogspot.com/2012/01/buy-natural-gas-positional.html
Our pivot point stands at 124.4.
Our preference: short term rebound towards 162.4.
Alternative scenario: the downside breakout of 124.4 would call for 113 and 106.2.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. The price is trading under both its 20 and 50 day MA (respectively at 140.46 and 159.54).
Supports and resistances:
169.6 *
162.4 **
155.2
137.7 last
128.9
124.4 **
113 *
SEE MY RECOMENDETION BUY ON DIPS WITH S/L 112 , MAKE LOW IN LAST EXP. 112.30 ONLY ( not break long time low 2009 year)
almost my 1st target hit and make haigh 136+since friday trading session..
SEE MY RECOMEND LEVEL -->
CONFIDENT FULL CALL --> BUY NATURAL GAS 125 AND ADD MORE IF COME 118 S/L 112 TGT 135 -143 - 148 - 154 ( POSITIONAL )
http://lakshyasharebazar.blogspot.com/2012/01/buy-natural-gas-positional.html
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