MTECHTIPS MCX NATURALGAS INTRADAY trading tips 05-10-2016
MTECHTIPS MCX Naturalgas is in long- medium- short-medium- term bull phase .Currently Naturalgas is moving sideways The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Naturalgas above 209 or buy with strict stop at 189. The oscillator is showing SELL signal For short term Naturalgas is in HOLD SHORT position.Positionally Support for the Naturalgas is 193-188-187-179-.Resistance for the Naturalgas is 199-200-
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 197.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 191.6 The Naturalgas is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 198 with a stop at 193.5 Below 192.2 go for sell and put stop at 196.7.