Buy Natural Gas Around 181 SL BELOW 178 TGT 184/187 - Axis Securities
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NATURAL GAS
Natural gas prices edged lower in last trading session and closed around 183 level on intraday basis. On hourly chart prices is trading below 9 and 20 days EMA which is a negative sign for prices. However on hourly chart Immediate support zone can be seen around 181 level as prices is able to respect the mentioned support zone from last few days. Traders can buy Natural gas around 181 level for the target of 184 level on intraday basis.
BUY NATURAL GAS AROUND 181 SL BELOW 178 TGT 184/187
ALUMINUM
Aluminium price edged higher in last trading session after prices broke the strong resistance zone of 176.5 and closed around 177 level on intraday basis. Overall trend is looking negative for prices as it is trading below higher bollinger band. Any rally towards 178 can be used as an selling opportunity for the target of 177 level on intraaday basis.
SELL ALUMINUM AROUND 178 SL ABOVE 179 TGT 177/176
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