NATURAL GAS MCX Trading Tips Technical Analysis Chart Graph forecast- NG has formed double bottom formation also facing 38.2% fibonacci retracement resistance, will favor bulls once Natural Gas closes above 249. (Updated on 11th September 2014, Thursday).


  • As per previous report published on Natural gas (MCX), NG moved up from support and test its resistance @ 248 as mentioned. (Click here to see previous report published on MCX NATURAL GAS).
  • Now current technical chart no1 indicates that natural gas is facing strong 38.2%  fibonacci retracement resistance at current levels, as long as NG trades below trend will not be cleared, but if NG closes above its resistance @ 249 and holds above then will be in bulls grip for next few trading days and on upper side will find next resistance around 256 its 50%  fibonacci retracement.
  • As per graph no2, Natural Gas has now formed double bottom formation, this indicates if breaks it on upper side then bulls may get active in NG and price improvement can be seen. NG breakout levels around 249.
  • As per chart no3, NG is facing 50 days moving average resistance at current level, as long as trades below bulls will not be favored as per moving average studies, but once Natural Gas closes above 50 DMA and holds above then bulls will be favored. Close Watch.
  • As per weekly chart shown in graph no4, Mcx Natural Gas is stuck in a range bound zone, as long as trading in a range short term trend is not clear, but once Ng come out from its range then sharp movement is expecting.
  • Click here to see all the trading reports (trading tips) published by us on MCX NATURAL GAS.
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Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips