MTECHTIPS MCX NATURALGAS INTRADAY trading tips 06-08-2018

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MTECHTIPS MCX NATURALGAS INTRADAY trading tips 06-08-2018

MTECHTIPS    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 193-192-191-190-188-. Immediate resistance for Naturalgas is 198 Short term and Intraday Level of NATURALGAS Currently Naturalgas is in HOLD SHORT position Naturalgas is in sideways and sellers was at high so for short term better buy above 198.6 or hold with stop at 188.4 The next resistance will be at 196.7 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 198.6 with a stop at 195.3 Below 194.5 go for sell and put stop at 197.7

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