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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 16-02-2017

Wednesday, February 15, 2017 23:54
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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 16-02-2017

 

MTECHTIPS   Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Naturalgas is now trading in oversold level. The Naturalgas is now trading in oversold level. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Immediate support for Naturalgas is 193.Resistance for the Naturalgas is 206-211-218-221-229-

Short term and Intraday Level of NATURALGAS

Currently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 200.0 The Naturalgas is now trading in highly oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised only above 200.4 with a stop at 194.5 Below 192.8 go for sell and put stop at 198.7

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