MTECHTIPS MCX NATURALGAS INTRADAY trading tips 14-10-2016
MTECHTIPS MCX Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Naturalgas Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Naturalgas is 207-204-201-192-190-184-. Immediate resistance for Naturalgas is 226
Short term and Intraday Level of NATURALGAS
Naturalgas closed above 1 week high with volume signals up breakoutCurrently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 213 The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- is in intraday buy level better buy above 228 or in low buy above 219.5 Target is 231.8 next 238.1 Below 215.7 trend reversal can occur so keep long stop at 215.7.