Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12
Good Time to Sell Natural Gas
Saturday, 04 April 2015 11:07

Good Time to Sell Natural Gas

Written by 
Rate this item
(0 votes)

Natural Gas gained as a winter storm in the Northeast and Midwest boosted demand for the heating fuel. The commodity reached near to Rs.278 yesterday. Today the commodity is trading at Rs.275.90 up by 0.88% at 1332 India time.

We are expecting that the commodity may fall from this level .It is a good to take short position as there is strong resistance at the price of Rs.277.83. We are expecting that Natural Gas may fall to the price of Rs.273.3 today.

RSI is showing that the commodity is oversold at present level. It is expected to break the support of moving average line. Till the week end the commodity may fall by 5.56% from the present high or to Rs.267.77 below it we may see continuous down trend.

On Thursday Energy Information Administration will release Natural Gas inventory data that is expected to fall by 112 billion cubic feet from earlier 287 bcf. Increase in inventory may not support the commodity and bring down the prices.

 

Read 1207 times