February 24, 2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 12-01-2017

MTECHTIPS   Naturalgas is in long- medium- term bull phase .Currently Naturalgas is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 221-216-210-.Resistance for the Naturalgas is 232-239-

Short term and Intraday Level of NATURALGAS

Currently Naturalgas is in HOLD SHORT position The Naturalgas is not giving any clear signal So buy only if close above229.5 and sell below 212.1 The oscillator is showing BUY signal

Intraday Trend-The Naturalgas closed in a confusion manner So buy for intraday only above 228.8 with a stop at 220.1 If opens below 220.1 or trade below 217.5 be cautious or go for sell with stop at 226.2

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