MTECHTIPS MCX NATURALGAS INTRADAY trading tips 18-11-2016
MTECHTIPS MCX Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend with good momentum 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 182-.Resistance for the Naturalgas is 189-193-195-200-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position Naturalgas is in profit booking mode so either sell of or keep stop at184 so better sell and enter at lower level The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 189 with a stop at 182.7 Below 180.8 go for sell.