Buy Natural Gas Above 290 SL Below 286 TGT 295/297 - Axis Securities
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Gold
MCX Gold price is trading inside the descending triangle pattern, price is expected to trade negatively. Any breakdown below 47750 would drag down the price lower towards 45500/45400 levels intraday. The price has started trading below 9,21&60 hourly EMA which is bearish sign for the prices .
SELL GOLD BELOW 47750 SL ABOVE 47950 TGT 45500/45400
Natural Gas
MCX Natural gas price has given a i bullish breakout from consolidation range, price is expected to trade positively. Any breakout above 290 would push the price higher towards 295/297 levels intraday. The momentum indicator RSI is trading at 70 and it is forming higher highs which is positive sign for the prices.
BUY NATURAL GAS ABOVE 290 SL BELOW 286 TGT 295/297
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