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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 06-01-2017

Thursday, January 5, 2017 22:49

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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 06-01-2017

MTECHTIPS Naturalgas is in long- term bull phase .Currently Naturalgas is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Naturalgas is in HOLD SHORT position.Positionally Support for the Naturalgas is 214-209-.Resistance for the Naturalgas is 221-242-245-

Short term and Intraday Level of NATURALGAS

Last few days Naturalgas is moving down and the trend looks weakCurrently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 235.0 The Naturalgas is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Sell if open below 215.6 or sell below 213 with stop loss at 221.6 Buy if open above 221.6 or buy above 224.2 with stop loss at 215.6

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