Please Note : Writing This and No charts posted as getting Loads of Yahoo queries & please may i have Hymble request Do Not Call upon Cell phone For NG queries as i would Reply on Same written below , i Dont mean to be rude ..but my view Remains Same
.... i am Sorry
Close to First target of 2.41 mentioned before almost , will have to Wait and watch How it reacts in this Zone and Consolidates Here . To give the Next possible targets , a Close below 2.40 Would open 2.35--2.226 targets
MCX traders : My view Once Again : NG is continueing its Bearish trend , No Short term or Even intraday bottom Seen , any one taking Long would be just taking a high Risk with hopes of Some Short Covering or buying at Lower level which will pull it up ..but as if Now on Charts No Buying Sign visible ..or even a Intraday Bottom ...Requesting people to Follow Same and wait for Futher message ..Every one has Different buying price and If u ask Me best possible SL than it could be 121 Which indicated is Long term Support zone ..but that Doesnt mean Start taking longs with as SL too ...
Repeating on the Spread part again the Difference between October Contract and September is Increasing Evey Day ..Dont try and Buy September and Sell october the Spread is increasing From 38 bucks to 61 Now ..and i Dunno how much More it will increase or Reduce and why the Spread ...this is not a Arbitrage or hedge Which u can play ...
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