MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-10-2016
MTECHTIPS MCX Naturalgas is in long- medium- short-medium- term bull phase .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and Naturalgas closed below 1 week low with volume signals down breakout.Positionally Support for the Naturalgas is 205-195-191-188-.Resistance for the Naturalgas is 217-
Short term and Intraday Level of NATURALGAS
Naturalgas and closed below 1 week low with volume signals down breakoutCurrently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 218.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 214.1 with a stop at 207.8 Below 205.9 go for sell.