MTECHTIPS MCX NATURALGAS INTRADAY trading tips 11-01-2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 11-01-2017
MTECHTIPS Naturalgas is in long- medium- term bull phase .Currently Naturalgas is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is 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 220-215-210-.Resistance for the Naturalgas is 236-240-
Short term and Intraday Level of NATURALGAS
Last few days Naturalgas is moving down and the trend looks weakCurrently 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 226.0 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 the Naturalgas above 229.4 with a stop at 215.6 Target is 233.7 next 240.8 Below 215.6 trend reversal can occur so keep long stop at 215.6
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