MTECHTIPS MCX NATURALGAS INTRADAY trading tips 20-12-2016

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 20-12-2016
MTECHTIPS Mcx Naturalgas is in long- medium- short-medium- term bull phase .Currently Naturalgas is moving sideways The oscillator is on SELL signal and Naturalgas is coming down from overbought level .In last 3 weeks Naturalgas is trading in low volatality Buy the Naturalgas above 256 or buy with strict stop at 224. The oscillator is on SELL signal and Naturalgas is coming down from overbought level For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 224-210-206-200-.Resistance for the Naturalgas is 240-242-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position Naturalgas is in sideways and sellers was at high so for short term better buy above 237.2 or hold with stop at 226.3 The next resistance will be at 243.3 The Naturalgas is now trading is approaching oversold level. The oscillator is on BUY Signal and Naturalgas is recovering from oversold level
Intraday Trend- Buy is advised only above 237.2 with a stop at 229.9 Below 227.8 go for sell and put stop at 235.1.
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