INTERNATIONAL COMMODITY NEWS :
Natural gas prices posted solid gains on Monday after investors felt forecasts for milder U.S. weather sent the commodity falling to attractively-priced levels. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 1.83% at $3.863 per million British thermal units during U.S. trading. The commodity hit a session low of $3.767, and a high of $3.878. The October contract settled down 0.68% on Friday to end at $3.793 per million British thermal units. Natural gas prices took a dive last week after weather forecasts called for below-normal temperatures to move across the country this week, which should cut into demand for air conditioning and prompt thermal power plants to burn less of the commodity as a result.
TRADING STRATEGY :
BUY GOLD ABOVE 1258 TGT 1262,1267 SL 1253
SELL GOLD BELOW 1252 TGT 1248,1243 SL 1257
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Natural gas prices posted solid gains on Monday after investors felt forecasts for milder U.S. weather sent the commodity falling to attractively-priced levels. On the New York Mercantile Exchange, natural gas futures for delivery in October were up 1.83% at $3.863 per million British thermal units during U.S. trading. The commodity hit a session low of $3.767, and a high of $3.878. The October contract settled down 0.68% on Friday to end at $3.793 per million British thermal units. Natural gas prices took a dive last week after weather forecasts called for below-normal temperatures to move across the country this week, which should cut into demand for air conditioning and prompt thermal power plants to burn less of the commodity as a result.
TRADING STRATEGY :
BUY GOLD ABOVE 1258 TGT 1262,1267 SL 1253
SELL GOLD BELOW 1252 TGT 1248,1243 SL 1257
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