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Published on 27/01/2020 6:19:37 PM | Source: Axis Securities Ltd

Sell Natural Gas Below 138.50 SL Above 141.50 TGT 134/132 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Silver

Silver price has given rectangle pattern break out, price is expected to trade higher. Sustaining above 47500 next leg of positive rally would push price higher towards 47900/48100 levels,On hourly chart 20 EMA has given positive cross over of 60 EMA which is bullish sign for prices. RSI is trading at 81 it indicates high Momentum in price.

BUY SILVER ABOVE 47500 SL BELOW 47200 TGT 47900/48100

 

Natural Gas

Natural gas price is trading under descending triangle pattern, price is expected to trade negative. Any break down below 138.50 next leg of correctipon would drag price lower towards 134/132 levels, Alternatively 141.50 may act as a strong resistance level. Going ahead price has a trading range of 143-134 levels.

SELL NATURAL GAS BELOW 138.50 SL ABOVE 141.50 TGT 134/132

 

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