MTECHTIPS MCX NATURALGAS INTRADAY trading tips 17-11-2016
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 .. The oscillator is showing BUY signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 183-.Resistance for the Naturalgas is 190-193-195-197-200-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position Naturalgas has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 192 with stop at 172.7 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 192 with a stop at 185.4 Below 183.4 go for sell and put stop at 190.