MTECHTIPS MCX NATURALGAS INTRADAY trading tips 24-10-2016
MTECHTIPS MCX Naturalgas is in long- medium- term bull phase .Currently Naturalgas is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less and fresh Buy can be considered in the Naturalgas if it close above226 or buy with strict stop at 191. The oscillator is showing SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 195-191-188-.Resistance for the Naturalgas is 207-211-216-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position Naturalgas has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below196.2 Buy if above 221.3 The Naturalgas is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 206.8 with a stop at 198.6 Below 196.2 go for sell.