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Commodity & Currency Weekly Report - 16-Mar-20	Download pdf

Buy NG @ 139.80 SL 132 TGT 152

• NG, recently made three and half year low of 119 and these lower level acted as a support.

• Price at these lower levels is exhibiting expanding triangle formation and volatility is increasing.

• Last week price was in upswing and tested high of 149 levels.

•In this price move, NG has moved above 50 DMA levels which indicates bulls are having upper hand.

• If price is able to sustain above 135 levels mark then there is possibility that up trend will continue and further high of 152 could get tested.