MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-12-2016

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 21-12-2016
MTECHTIPS Mcx Naturalgas is in long- medium- term bull phase .Currently Naturalgas is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 211-207-201-.Resistance for the Naturalgas is 227-239-240-
Short term and Intraday Level of NATURALGAS

Currently Naturalgas is in SELL position Naturalgas has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below218.3 Buy if above 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- Sell if open below 221.5 or sell below 218.3 with stop loss at 228.7 Buy if open above 228.7 or buy above 231.9 with stop loss at 221.5
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