MTECHTIPS MCX NATURALGAS INTRADAY trading tips 19-04-2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 19-04-2017
MTECHTIPS Naturalgas is bearish for medium-long term.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 .. The oscillator is showing SELL signal For short term Naturalgas is in SELL position.Positionally Support for the Naturalgas is 197-.Resistance for the Naturalgas is 204-208-209-210-216-
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 208.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 209.0 but caution- close Below low5 fresh selling can occur 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 above 205.5 with a stop at 201.3 Below 200.1 go for sell
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