CAPITAL STROKE COMMODITY UPDATE 31 JULY 2014 : MCX NATURAL GAS

CMP-229 Overall trend of the Naturalgas is bearish for medium-long term .Currently Naturalgas is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Naturalgas is now trading in oversold level. The Naturalgas is now trading in oversold level. The oscillator is showing BUY signal For short term Naturalgas is in SELLposition.Positionally Immediate support for Naturalgas is 225.Resistance for the Naturalgas is 234-239-249-262-267-269.

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