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Natural gas trend analysis



Sign of harmonic structure has appeared on 240 minute chart of NATURAL GAS MCX which completes at 157. There are 2 hurdles at 135 and 142 consolidation above 142 would signal 157 to complete this structure. Recently it has broken a trading range 118-129 and nice follow up buying suggesting smart money is coming back in this counter. We have entered in this counter at 129 for expected targets around 141 and 157 in short term with stop loss of 124. 
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