MTECHTIPS MCX NATURALGAS INTRADAY trading tips 23-02-2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 23-02-2017
MTECHTIPS Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Naturalgas Noting point is selling at lower levels seems decreasing. The Naturalgas is now trading in oversold level. The Naturalgas is now trading in oversold level. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Immediate support for Naturalgas is 168.Resistance for the Naturalgas is 193-199-209-217-221-223-
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 184.0 The Naturalgas is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy only if open above 177.5 with a stop at 172.3 or buy above 179.7 Below 170.1 go for sell or sell if open below172.3
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