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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 09-01-2017

Sunday, January 8, 2017 22:16
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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 09-01-2017

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MTECHTIPS  Naturalgas is in long- medium- term bull phase .Currently Naturalgas is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 220-215-209-.Resistance for the Naturalgas is 241-242-243-

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 227.0 The Naturalgas is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 229.9 with a stop at 221.3 Below 218.7 go for sell and put stop at 227.3

WWW.MTECHTIPS.COM

 

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