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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-03-2017

Monday, March 20, 2017 23:48
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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-03-2017

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MTECHTIPS   Naturalgas is bearish for medium-long term .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 SELL signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 195-192-189-.Resistance for the Naturalgas is 206-214-218-

Short term and Intraday Level of NATURALGAS

Currently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend .Last day Naturalgas was in bull trend So short term buyers buy if close above 196.0 The oscillator is showing BUY signal

Intraday Trend- Buy the Naturalgas above 200.4 with a stop at 192.2 Target is 202.8 next 207 Below 192.2 trend reversal can occur so keep long stop at 192.2

WWW.MTECHTIPS.COM

 

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