MTECHTIPS MCX NATURALGAS INTRADAY trading tips 08-02-2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 08-02-2017
MTECHTIPS Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Naturalgas is in HOLD SHORT position.Positionally Immediate support for Naturalgas is 202.Resistance for the Naturalgas is 217-218-221-223-233-
Short term and Intraday Level of NATURALGAS
Currently Naturalgas is in HOLD SHORT position The Naturalgas is in downtrend For short term buy only if close above 212.0 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 is advised only above 216.3 with a stop at 209.4 Below 207.3 go for sell and put stop at 214.2
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