Buy Natural Gas Above 580 SL Below 570 TGT 595/605 - Axis Securities
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Natural Gas
MCX Natural Gas opened ona positive note and traded with extreme volatility throughout the session. The chart pattern suggests that if Naturalgas crosses and sustains above 580 level it would witness buying which would lead the It towards 595- 605 levels. Important Support for the day is around 560.
BUY NATURAL GAS ABOVE 580 SL BELOW 570 TGT 595/605
Copper
MCX Copper opened with a downward gap and selling pressure throughout the last session. The hourly strength indicator RSI has turned negative from the overbought territory and is below its reference line indicating sustained downtrend. Copper is trading below 9,21&60 hourly SMA indicating negative bias in the short to medium term.
SELL COPPER BELOW 758 SL ABOVE 763 TGT 752/748
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