MTECHTIPS MCX NATURALGAS INTRADAY trading tips 18-08-2017

MTECHTIPS MCX NATURALGAS INTRADAY trading tips 18-08-2017
MTECHTIPS Mcx Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Naturalgas is in HOLD LONG position.Positionally Support for the Naturalgas is 184-.Resistance for the Naturalgas is 191-197-199- Short term and Intraday Level of NATURALGASCurrently Naturalgas is in HOLD SHORT position Naturalgas is in sideways and sellers was at high so for short term better buy above 191.4 or hold with stop at 183.4 The next resistance will be at 193.4 The Naturalgas is now trading is approaching overbought level. The oscillator is on SELL signal and Naturalgas is coming down from overbought level
Intraday Trend- Buy is advised only above 191.4 with a stop at 186.4 Below 185 go for sell and put stop at 190
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