Buy Natural Gas Around 202 SL BELOW 199 TGT 205/208 - Axis Securities Ltd
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NATURAL GAS
Natural Gas prices rallied higher in last session after prices broke the immediate resistnace zone of 204 and rallied higher up till 209 level. On hourly chart prices is trading above 9 and 20 days EMA and RSI is nearing 60 level indicating high momentum in prices. Traders can buy Natural gas around 202 for the target of 205 level on intraday basis.
BUY NATURAL GAS AROUND 202 SL BELOW 199 TGT 205/208
ALUMINIUM
Aluminium prices traded in a narrow range in last trading session. On houry chart prices closed above 9 and 20 days EMA which is a positive sign for prices. Immediate resistance zone in Aluminiun can be seen around 162.6 level. Traders can buy Aluminium above the mentioned level for the target of 163.6 level on intraday basis.
BUY ALUMINIUM ABOVE 162.6 SL BELOW 161.6 TGT 163.6/164.2
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