Buy Natural Gas Around 190 SL BELOW 187 TGT 193/196 - Axis Securities
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NATURAL GAS
Natural gas prices edged higher in last trading session. Prices on daily chart has given a range breakout on the upper side as prices managed to close above 191.5 for the first time in 2 weeks. On hourly chart RSI is above 60 level indicating high momentum in pricess. Any dip towards 190 level can be used as an buying opportunity for the target of 193 on intraday basis
BUY NATURAL GAS AROUND 190 SL BELOW 187 TGT 193/196
LEAD
Lead prices from last 2 weeks is consolidating near the upper band of the range i.e 163 level. On daily chart we have observed bullish range shift in RSI as it has taken a support near 40 by forming a green candle. Moroever prices has also closed above 20 days EMA which is a positive sign for prices. Traders can buy Lead above 163 for the target of 164 on intraday basis.
BUY LEAD ABOVE 163 SL BELOW 162 TGT 164/165
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