MCX Natural Gas prices were slightly positive on Monday session. On the daily chart, price has been falling down from last couple of days; which indicates further selling pressure in the counter. On a weekly timeframe, price has given trendline breakdown and sustained below 200 EMA; which confirms bearish trend for medium term. A momentum indicator RSI (14) and MACD has shown negative crossover. So based on the above structure, we expect bearish sentiments for near term.


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