MTECHTIPS MCX NATURALGAS INTRADAY trading tips 04-11-2016
MTECHTIPS MCX Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend 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 Immediate support for Naturalgas is 182.Resistance for the Naturalgas is 193-195-198-200-203-206-
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 below182.1 Buy if above 211.8 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 190.9 with a stop at 184.1 Below 182.1 go for sell.