MTECHTIPS MCX NATURALGAS INTRADAY trading tips 10-10-2016
MTECHTIPS MCX Naturalgas is in perfect uptrend .Currently Naturalgas is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Naturalgas is in HOLD SHORT position and closed above 1 month high with volume signals up breakout.Positionally Support for the Naturalgas is 199-195-189-188-181-. Immediate resistance for Naturalgas is 216
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 199 The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 216.4 or in low buy above 208.5 Target is 219.9 next 225.8 Below 204.9 trend reversal can occur so keep long stop at 204.9.