Buy Natural Gas Above 565 SL Below 555 TGT 580/590 - Axis Securities
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Natural Gas
MCX Naturalgas opened on a flat note and buying momentum throughout the session let it close near the day's high. The chart pattern suggests that if Naturalgas crosses and sustains above 565 level it would witness buying which would push the price towards 580-590 levels. Important support for the day is around 540.
BUY NATURALGAS ABOVE 565 SL BELOW 555 TGT 580/590
Copper
MCX Copper opened on a flat note and witnessed extreme volatility on either side for most part of the session. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Copper continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 665 SL BELOW 660 TGT 672/677
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