MTECHTIPS MCX NATURALGAS INTRADAY trading tips 08-11-2016
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 193-195-198-199-200-205-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position Naturalgas is showing some Up momentum So buy above 190.0 with stop at 182.7 The Naturalgas is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 191.8 with a stop at 185.8 Below 184.1 go for sell and put stop at 190.