MTECHTIPS MCX NATURALGAS INTRADAY trading tips 03-04-2017
MTECHTIPS MCX NATURALGAS INTRADAY trading tips 03-04-2017
MTECHTIPS Naturalgas is bearish for medium-long term .Currently Naturalgas 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 Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 202-199-195-.Resistance for the Naturalgas is 213-215-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD LONG position Naturalgas is in profit booking mode so either sell of or keep stop at205 so better sell and enter at lower level 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- Buy is advised above 209 with a stop at 204 Below 202.7 go for sell
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