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Natural Gas MCX Technical outlook

Natural gas jan 28 dec

Here is the daily continuation chart of NATGAS MCX January contract which is getting support at rising trend line around 188 and resistance at 196.40, RSI on daily chart suggest more weakness in this counter and sustained declined below recent lows 182 would offer areas of 174 and 165 as primary supports. Previous closing was 188.70, resistance will remain at 196 and bulls need to produce minimum 2 closes above the same to claim their presence.

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