After
a choppy upward movement in last weeks, NATURAL GAS tumbled in first 4 weeks of
July correcting around 13.10% and sending prices as low as 175 for MCX July contract
on analyzing the weekly chart of NYMEX NG has a bearish butterfly. Bearish Harami Candlestick pattern is seen in the PRZ area. Hence
adding caution for the existing longs in the stocks. Sustenance above 201
levels can only trigger fresh buying in the NG.
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