mcx bullion tips, base metal tips, crude oil tips, mcx natural gas tips, mcx lead tips, mcx commodity market news & updates. Currently the Indore based commodity tips provider has been serving more than 3000 clients. If you are a commodity trader you may visit their website at www.mcxcapitalviatips.com">MCX Natural Gas Trend Report: Trend of natural gas futures on India's Multi Commodity Exchange (MCX) is negative on higher than expected US Energy Information Administration (EIA) storage data for the week. However, slight uptrend is expected as a result of short covering. MCX Natural Gas Future Trend: MCX futures for February delivery was down by 0.35 percent at Rs.170.90 per mmBtu as of 02.29 PM IST on Friday. “For intra-day, the commodity has support at 168, while 173 is the resistance. Traders are advised to sell near 171 with the stop loss of 173 for the target 169,” said Expert Research Analyst at McxCapitalViaTips.com. MCX Natural Gas Tips: Earlier, MCX natural gas fell by more than 4.5% towards 170 level as US EIA weekly data revealed that the commodity storage for the week that ended February 8, fell by 157bcf, below the expectations for a drop of 162bcf.Higher than expected storage levels and the retreating cold weather may keep futures negative. Total US natgas storage stood at 2.527 trillion cubic feet last week.Natural gas working inventories reached a record-high level in early November 2012, but ended January 2013 at an estimated 2.7 trillion cubic feet (Tcf), about 0.2 Tcf below the level at the same time the previous year, stated US Energy Information Administration (EIA). Natural Gas International Trend: EIA expects the Henry Hub natural gas spot price, which averaged $2.75 per million British thermal units (MMBtu) in 2012, will average $3.53 per MMBtu in 2013 and $3.84 per MMBtu in 2014. Natural Gas futures for March delivery on New York Mercantile Exchange (NYMEX) was down by 0.41 percent at $ 3.150 per mmBtu as of 02.27 PM IST on Friday. MCXCAPITALVIATIPS.COM basically a financial advisory commodity market research company of Indore. It offers commodity tips, mcx gold tips, mcx silver tips, mcx copper tips, mcx bullion tips, base metal tips, crude oil tips, mcx natural gas tips, mcx lead tips, mcx commodity market news & updates. Currently the Indore based commodity tips provider has been serving more than 3000 clients. If you are a commodity trader you may visit their website at www.mcxcapitalviatips.com
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