MTECHTIPS MCX NATURALGAS INTRADAY trading tips 28-10-2016
MTECHTIPS Naturalgas is in long- medium- term bull phase .Currently Naturalgas is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Naturalgas. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 197-192-189-.Resistance for the Naturalgas is 206-207-211-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position Naturalgas is in sideways so for short term better buy above 209.3 or hold with stop at 184.3 The next resistance will be at 211.4 The Naturalgas is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy only if open above 206.9 with a stop at 201.3 or buy above 209.3 Below 199 go for sell or sell if open below201..