As mentioned in the last week, above 435 it was facing resistance at 447 and unable to cross and started some profit booking at higher level. In this week consider resistance at 438-441, and as remain below weakness to continue and likely to test 421.
Certain selling pressure at higher level to continue and sell time being for quick profit.
Consider resistance at 5110-5036 and support range at 4910. Decline to buy and sell on strength to be followed.
Major resistance 5110 watch out.
Our Commodity Tips experts recommends to higher-level to go short with stop-loss. Downside last and final support at 1230.
Today: Sell on rise
NATURAL GAS (FEB)
Sell on rise strategy and Higher-level 151-145. Downside support 132-155, thereafter further weakness.