MCX Natural Gas trading below value area

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

As chart 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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