MCX-Natural Gas (₹212.1)
Since taking support from the long-term base level of ₹170 per mmBtu in late February 2017, the MCX-Natural Gas contract has been on a medium-term uptrend. After retracing 50 per cent Fibonacci retracement level of the contract’s prior downtrend, it encountered a key resistance at around ₹215 in early April. Last week, the contract took support at around ₹195 and bounced up, gaining 5 per cent. It...
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