MTECHTIPS MCX NATURALGAS INTRADAY trading tips 10-10-2016
MTECHTIPS MCX Natural gas is in perfect uptrend .Currently Natural gas is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Natural gas is in HOLD SHORT position and closed above 1 month high with volume signals up breakout. Position ally Support for the Natural gas is 199-195-189-188-181-. Immediate resistance for Natural gas is 216
Short term and Intraday Level of NATURALGAS
Currently Natural gas is in HOLD LONG position In short term Natural gas is in strong up trend so hold with stop at 199 The oscillator is showing BUY signal
Intraday Trend- is in intraday buy level better buy above 216.4 or in low buy above 208.5 Target is 219.9 next 225.8 Below 204.9 trend reversal can occur so keep long stop at 204.9.