MTECHTIPS MCX NATURALGAS INTRADAY trading tips 22-12-2016

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 22-12-2016
MTECHTIPS Mcx Naturalgas is in long- medium- short-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 236-227-211-208-201-.Resistance for the Naturalgas is 240-
Short term and Intraday Level of NATURALGAS

Currently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend .Last day Naturalgas was in bull trend So short term buyers buy if close above 234.0 The oscillator is showing BUY signal
Intraday Trend- Buy the Naturalgas above 242.6 with a stop at 229.6 Target is 246.6 next 253.2 Below 229.6 trend reversal can occur so keep long stop at 229.6
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