MTECHTIPS:Buy MCX Natural Gas Jan fut around Rs 190

MCX Natural Gas January futures has given a break out through the “running triangular” pattern, which has formed in right shoulder of failing H & S pattern in intraday charts. As per technical norms failure pattern are stronger then the regular patterns. The huge volume participation during the breakout has helped the price to set the bias on upper side and further rally will continue towards 61.8% Fibonacci level of 197.50 and on break of the same it can extend up to 205 levels.The Daily RSI & MACD both are pointing in positive territory.



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