India, Sept. 23 -- Technically Natural Gas market is under long liquidation as market has witnessed drop in open interest by 18% to settled at 8803 while prices down 0. 4 rupees.
Now MCX Natural Gas is getting support at 131.7 and below same could see a test of 129.1 levels and resistance is now likely to be seen at 138.3 a move above could see prices testing 142.3.
Natural Gas yesterday settled down by 0.3% at 134.4 on forecasts for less demand over the next two weeks than previously expected due to a reduction in liquefied natural gas (LNG) exports.
Gas flows to LNG export plants declined due to planned maintenance at Dominion Energy Inc's Cove Point in Maryland the continued outage at Cameron in Louisiana and as some ships steer clear...