MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-02-2017
MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-02-2017
MTECHTIPS Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Naturalgas is now trading in oversold level. The Naturalgas is now trading in oversold level. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Immediate support for Naturalgas is 183.Resistance for the Naturalgas is 201-204-214-217-221-226-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position Naturalgas has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below181.2 Buy if above 200.7 The Naturalgas is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 189.6 with a stop at 183.1 Below 181.2 go for sell
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