Buy Natural Gas Above 532 SL Below 520 TGT 547/555 - Axis Securities
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Crude Oil
MCX Crudeoil opened with an upward gap and witnessed selling for the first part of the session. The chart pattern suggests that if Crudeoil breaks and sustains below 7450 level it would witness selling which would lead the It towards 7300-7250 levels. Important Resistances for the day are placed at 7650.
SELL CRUDE OIL BELOW 7450 SL ABOVE 7550 TGT 7300/7250
Natural Gas
MCX Natural Gas opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI has turned positive from the oversold erritory and is above its reference line indicating positive bias. Natural Gas is trading above 9,21&60 hourly SMA's indicating bullishness in the ntraday.
BUY NATURAL GAS ABOVE 532 SL BELOW 520 TGT 547/555
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