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Report of MCX Natural Gas – Futures

print money
[youtube]http://www.youtube.com/watch?v=kpM0jPd6-7w[/youtube]

Natural gas futures immediately can’t grab a break. Most of commodity markets are trending higher but natural gas prices continue to fall into bloodbath. I said you in my report on 7th October 2010. “Only and only with any luck we could get an up rally in natural gas. There is no reason to buy it.” I alerted you and said big blizzard is started in market with Natural gas.

MCX Natural gas chartDo you know? Supplies of natural gas continue to rise plus the Energy Department predicts they will be at the second highest level ever to start the heating season. Natural gas futures closed at $3.333 on Friday, down 0.035. Prices bottomed last September around $2.63, so there could be some value below the $3 level. We can’t able to decide bottom of natural gas. Don’t do overbought trade with NG but don’t think, Close your eyes and continue to short it. There is no bottom level.

Now you have license to print money.

My new targets for Natural gas are 135 – 126.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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