MCX Natural Gas March 2017: Near Term Rise Above 203.5 Closing 23 Mar 2017 9:50 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 23/03/2017 MCX Natural Gas March 2017: Near Term Rise Above 203.5 Closing MCX Natural Gas (Price figures below are in Rs/INR per Kg) Sideways movement and oscillation around DRV is being witnessed. Resistance will be at 200-205.10. The lower top is at 203.50. Lower range can be 196.7-192.50. Expect sideways band of movement from 203.50 to 189 for near term. Downside momentum can resume below 189 closing. Cover short position if any at 198-196-192 as the opportunity arises. Buy above 203.5 with low of the day stop loss or 198 whichever is lower. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 198.2 195.43 UP 197.5 20.03 192.5 196.7 199.3 200.9 205.1 *Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY Last Close Price G/L% Volume V -G/L% Open Interest OI -G/L % Candle Position 198.2 -1.3 46376248 -35.8 5084 -18.1 Negative Unwinding TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 49.77 -5.12 71.43 21.95 -1.65 17.19 53.98 -14.11 Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place. Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. View Full Image Read Disclaimer   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest TechAnalysis Report Energy Natural Gas (Apr 24) Neutral Trend / Buy on Br... Crude Oil (May 24) Neutral Trend / Buy on Breakout / R... Energy Natural Gas (Apr 24) Neutral Trend / Buy on Br... Crude Oil (Apr 24) Neutral Trend / Buy on Breakout / R... Energy Natural Gas (Apr 24) Neutral Trend / Buy on Br... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Aluminium (Apr 24) Bullish Trend / Buy-on-Dips / Key S... Top 5 Special Reports Kadi (Gujarat) Cotton Seed Trading in a Range (Rs. 545... Soy Refined Oil (Indore) Trading Near Key Resistance (... US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne...