MTECHTIPS MCX NATURAL GAS INTRADAY trading tips 29-09-2016
MTECHTIPS MCX Natural gas is in long- medium- short-medium- short- term bull phase .Currently Natural gas 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 huger levels seems decreasing. The oscillator is on SELL signal and Natural gas is coming down from overbought level For short term The current position is BUY .Position ally Support for the Natural gas is 196-193-187-186-177-.Resistance for the Natural gas is 201-
Short term and Intraday Level of NATURALGAS
Currently Natural gas is in HOLD SHORT position Natural gas is moving sideways with low volatility so short term investor better to buy if close above 206.5 close below 195.5 Sell will happen. The oscillator is showing BUY signal
Intraday Trend-Intraday better to buy above 205.9 and Sell if below 190.7.