MTECHTIPS MCX NATURALGAS INTRADAY trading tips 01-02-2017
MTECHTIPS Naturalgas is bearish for medium-long term.Currently Naturalgas is showing some down move and trend is strong 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 BUY signal For short term Naturalgas is in HOLD SHORT position.Positionally Immediate support for Naturalgas is 211.Resistance for the Naturalgas is 217-221-225-227-232-234-
Short term and Intraday Level of NATURALGAS Currently Naturalgas is in SELL position Naturalgas is moving sideways so short term investor better to buy only above 230.3 or hold with stop at 211.6 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 218.1 with a stop at 210 Below 207.5 go for sell.