MTECHTIPS MCX NATURAL GAS INTRADAY trading tips 14-10-2016
MTECHTIPS MCX Natural gas is in perfect uptrend .Currently Natural gas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Natural gas Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout. Positionally Support for the Natural gas is 207-204-201-192-190-184-. Immediate resistance for Natural gas is 226
Short term and Intraday Level of NATURALGAS
Natural gas closed above 1 week high with volume signals up breakout Currently Natural gas is in HOLD LONG position In short term Natural gas is in strong up trend so hold with stop at 213 The Natural gas is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- is in intraday buy level better buy above 228 or in low buy above 219.5 Target is 231.8 next 238.1 Below 215.7 trend reversal can occur so keep long stop at 215.7.
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