MARKET LIVE: Sensex sheds 400pts, Nifty50 below 17,550 in pre-open deals
Indian markets can help us grow in post-Covid world, says Australian envoy
Business Standard
Web Exclusive

Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark

The bias for MCX Crude Oil September futures is likely to favour the bears as long as the commodity trades below Rs 7,170; For MCX Natural Gas futures the key support range of Rs 630 - Rs 620.

Topics
Crude Oil | Natural gas price | commodity trading

Rex Cano  |  Mumbai 



Buy, Sell, markets, stocks, shares, investments, funds, investors
For MCX Natural Gas futures the key support range of Rs 630 - Rs 620.

The bias for MCX September futures is likely to remain negative as long as the contract trades below Rs 7,170-level; Similarly, the upside for Natural Gas futures seems capped around Rs 718. On the downside a steep fall towards it 200-DMA cannot be ruled out.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, September 07 2022. 08:53 IST

RECOMMENDED FOR YOU

.