Buy Natural Gas Around 215 SL Below 212 TGT 218/222 - Axis Securities Ltd
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NICKEL
Nickel prices rallied higher in last trading session and it closed around 1317 level above 9 and 20 days EMA on hourly chart which is a positive sign for prices. Moreover on hourly chart prices is also trading above 60 level which indicate high momemtum in prices. Traders can buy Nickel above 1320 level for the target of 1323 on intraday basis.
BUY NICKEL ABOVE 1320 SL BELOW 1317 TGT 1323/1327
NATURAL
Natural gas prices closed in green in last trading session. On hourly chart prices closed above 20 and 60 days EMA and RSI is nearing 60 level which is a postive sign for prices. Strong support for prices can be seen around 212 level. We expect prices to trade higher as long as the mentioned support level is intact on the lower side. Traders can buy Natural gas around 215 for the target of 218 on intraday basis.
BUY NATURAL GAS AROUND 215 SL BELOW 212 TGT 218/222
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