MTECHTIPS MCX NATURALGAS INTRADAY trading tips 01-11-2016
MTECHTIPS Naturalgas is in long- medium- term bull phase .Currently Naturalgas is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 201-199-193-191-.Resistance for the Naturalgas is 207-209-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position Naturalgas has formed new high but the trend looks weak so better buy above 209.2 The oscillator is showing BUY signal
Intraday Trend- Sell if open below 201.4 with stop loss at 206.8 or sell below 199Buy is not advised till it cross 209.2.