Buy Natural Gas Above 192 SL BELOW 186 TGT 199/205 - Axis Securities
Copper
MCX Copper opened on a flat note and remained in a Small range throughout the day. The chart pattern suggests that if Copper sustains below 779 level it would witness selling which would drag the price towards 773-770 levels. Important resistances for the day are placed at 786.
SELL COPPER IN THE RANGE OF 779.60-780.10 SL ABOVE 786 TGT 773.50/768
Natural Gas
MCX Naturalgas opened with a downward gap but witnessed buying in the second half of the session which pushed prices to day's high. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. L "80 Naturalgas continues to remain in an short term, so buy continues to be our preferred strategy.
BUY NATURALGAS ABOVE 192 SL BELOW 186 TGT 199/205
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