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Published on 3/03/2021 5:11:46 PM | Source: Axis Securities Ltd

Buy Natural Gas Above 210 SL BELOW 205 TGT 216/220 - Axis Securities

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

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Natural Gas

MCX Natural gas price has given a rot bullish breakout from consolidation Late range, price is expected to trade es itively. Sustaini g at e210 NATURAL GAS HOURLY CHART F 22 would push the price higher towards Pt 3 216/220 in intraday. Price has been L207 trading above 20&60 hourly EMA Eos L204 which is a bullish sign for the prices.

BUY NATURAL GAS ABOVE 210 SL BELOW 205 TGT 216/220

Nickel

MCX Nickel price failed to break  1440 downward sloping line, price is L 1420 expected to trade negatively. Any P1420 breakdown below 1335 would drag P tare down the price lower towards r ‘ee 1325/1320 levels in intraday. The pe - 1380 momentum indicator RSI is trading at  35 it shows bearishness in the prices.

SELL NICKEL BELOW 1335 SL ABOVE 1342 TGT 1325/1320

 

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