Wednesday 20 August 2014

CAPITAL STROKE UPDATE 20 August 2014 : MCX NATURAL GAS




Naturalgas trading range for the day is 226.8-243.2.
Natural gas rallied sharply as bullish chart signals prompted investors to reenter the market after last week's heavy losses.

However, prices regained strength after prices bounced off key support close to 228 level triggering a flurry of short covering.

EIA's next storage report is slated for release on Thursday, with expected a build of 82 billion cubic feet.

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