The energy commodity has been trading higher than 5, 20 and 200 days#39; moving averages but lower than the 50 and 100 days’ moving average on a daily chart for the April contract. The Relative Strength Index (RSI) is at 48.08, which indicates sideways momentum in the prices.MCX Natural gas futures fall 2.58% to Rs 189.20/mmBtu this week, experts suggest buy-on-dips strategy
The energy commodity has been trading higher than 5, 20 and 200 days#39; moving averages but lower than the 50 and 100 days’ moving average on a daily chart for the April contract. The Relative Strength Index (RSI) is at 48.08, which indicates sideways momentum in the prices.
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