MTECHTIPS MCX NATURAL GAS INTRADAY trading tips 15-03-2017
MTECHTIPS MCX NATURAL GAS INTRADAY trading tips 15-03-2017
MTECHTIPS Natural gas is bearish for medium-long term .Currently Natural gas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Natural gas is 191-189-.Resistance for the Natural gas is 208-214-220-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position In Naturalgas is in up trend but last day trend was weak so adhere to stop at 197 The Naturalgas is now trading is approaching overbought level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level
Intraday Trend- Sell if open below 191.1 with stop loss at 196.9 Buy is advised only above 199.4
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