MTECHTIPS MCX NATURALGAS INTRADAY trading tips 06-10-2016
MTECHTIPS MCX Natural gas is in perfect uptrend. Currently Natural gas is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Natural gas is in HOLD SHORT position.Positionally Support for the Natural gas is 198-197-194-188-187-180-. Immediate resistance for Natural gas is 209
Short term and Intraday Level of NATURALGAS
Currently Natural gas is in HOLD SHORT position Natural gas is in sideways so for short term better buy above 204.3 or hold with stop at 191.6 The next resistance will be at 203.4 The oscillator is showing BUY signal
Intraday Trend- Buy above 204.3 and keep stop below 198.7 Target is 206.7 next 210.7 Below 196.3 trend reversal can occur and next level is 192.3.