Buy Natural Gas Above 180 SL BELOW 177 TGT 183/185 - Axis Securities Ltd
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NATURAL GAS
Natural gas prices edged lower in last trading session and closed around 179.5 level. Prices in under strong selling pressure from last few days. However prices has formed hammer candlestick pattern on daily chart which indicate possible reversal of the current downtrend. Traders can buy Natural gas above 180 level for the target of 183 level on intraday basis.
BUY NATURAL GAS ABOVE 180 SL BELOW 177 TGT 183/185
GOLD
Gold prices traded volatile in last trading session. Prices drifted lower towards 48700 levels after it broke the strong support zone of 49000 level. However is respected the multiple support level of 48700 and rallied higher towwrds 49000 level. We expect prices to trade in the mentioned range of 48700 and 49200 as long as the lower band of trading range is intact.
BUY GOLD 48800 SL BELOW 48700 TGT 48900/49000
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