Buy Natural Gas Above 194 SL BELOW 190 TGT 200/202 - Axis Securities
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CRUDE OIL
MCX Crude oil price is trading under an ascending triangle pattern, price is expected to trade positively. Any breakout above 4480 would push the price higher towards 4540/4580 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 4480 SL BELOW 4430 TGT 4540/4580
NATURAL GAS
MCX Natural gas price is trading above the trend line with bullish momentum, price remains to trade higher. Any breakout above 194 would push the price higher towards 200/202 levels in intraday. The momentum indicator RSI is trading at 70 and it is forming higher highs which is a positive sign for the prices.
BUY NATURAL GAS ABOVE 194 SL BELOW 190 TGT 200/202
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