MCX Natural Gas trading below value area

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Gold declined from the Highs,where eurozone PMI shown decline too
German 5-year bond yields turn positive

MCX NatGas closed at 191.70.The seasonal demand and
inventories declining as the climate nearing summer season.

As showing daily timeframe ,Current cyclic wave downside
supported by the range 200-190 ,where 190 is immediate
support.Formation of the candles is bearish.

Market volume profile suggesting price below value area which acting
as bearish signal at the moment.

The price likely to touch to another support of 185 once it crossed
below 190 levels . 185 is where recent up minor cycle was seen.


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