Special Technical Report

Friday | July 26, 2013

Content
Special Technical Report on Natural Gas Strategy / Recommendations

Prepared by

Anuj Gupta A.V.P - Technical Research Anuj.gupta@angelbroking.com (022) 29212000 Extn. 6137

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness and correctness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from Angel Commodities Broking (P) Ltd. Your feedback is appreciated on commodities@angelbroking.com

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Special Technical Report

Friday | July 26, 2013

MCX AUGUST NATURAL GAS (CMP: - 215.60)

As seen above in the daily price chart of MCX Natural Gas August contract, the price was trading in a mixed trend since the last couple of days following the trend line but yesterday prices breached the trend line and is trading below it. At that point of time we noticed Higher Volumes which indicates the sentiments of mass towards downside. On the above chart, we have seen that from last two days prices were trading in a bearish trend and formed the bearish candles. Prices are trading below its 5-Day and 20-Day EMA, indicating a short-term pessimism the market. On the oscillator front RSI falling and MACD is just entering in negative crossover, which indicates the symptoms of bearishness. Strong Resistance in MCX August Natural Gas prices is seen at 231 levels. Support is seen around 211 levels and below that strong support is seen at 200 levels. Looking at the Trend line breakdown with higher volumes coupled with oscillators indicates negativity we recommend a sell in the MCX August Natural Gas.

Positional Call (7-10 Days) - Sell MCX August Natural Gas between 217 222, SL - 232, Target 201 / 196(CMP 215.60)

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Special Technical Report

Friday | July 26, 2013

NYMEX Natural Gas (CMP: - $ 3.635)

In the above daily price chart of NYMEX Natural Gas, it is clearly seen that prices breached the Up trend line and are currently trading below it. Today, as per the candlestick pattern, it formed almost Open = High candlestick, which signals bearish sentiments. We found some Negative indication on the charts:1) Prices are trading below its 5-Day and 20-Day EMA, which also signals negativity. 2) On the oscillator front, the RSI is falling and the MACD is just entering in negative crossover which indicates bearishness. NYMEX Natural Gas can find resistance at $3.700 levels and above that at $3.850 levels. Support can be seen at $3.500 levels and strong support is seen at $3.300 levels.

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