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Published on 4/05/2021 4:55:11 PM | Source: Axis Securities Ltd

Buy Natural Gas Above 221 SL BELOW 218 TGT 226/228 - Axis Securities

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

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COPPER

MCX Copper price is trading near resistance line of consolidation range, price remains to trade positively. Any breakout above 765 next leg of the rally would push the price higher towards 770/773 levels in intraday. The price has been trading above 100 hourly EMA which suggests any small fall should be used for buying.

BUY COPPER ABOVE 765 SL BELOW 761 TGT 770/773

 

NATURAL GAS

MCX Natural gas price is trading under a symmetrical triangle pattern, Price is expected to trade positively. Any breakout above 221 next leg of the rally would push the price higher towards 226/228 levels in intraday. The price has started trading above 21,60&100 hourly EMA which is bullish sign for the prices. 

BUY NATURAL GAS ABOVE 221 SL BELOW 218 TGT 226/228

 

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