MTECHTIPS MCX NATURALGAS INTRADAY trading tips 02-12-2016
MTECHTIPS MCX Naturalgas is in perfect uptrend .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Naturalgas is 216-205-201-199-198-194-. Immediate resistance for Naturalgas is 242
Short term and Intraday Level of NATURALGAS
Last few days Naturalgas is moving up and the trend looks goodCurrently Naturalgas is in HOLD LONG position In short term Naturalgas is in strong up trend so hold with stop at 226 The Naturalgas is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- is in intraday buy level better buy above 244.1 or in low buy above 235.5 Target is 248 next 254.3 Below 231.7 trend reversal can occur so keep long stop at 231.7.