Buy Natural Gas Around 426 SL Below 423 TGT 429/432 - Axis Securities
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CRUDE OIL
Crude oil prices rallied higher in last trading session after prices broke the strong resistance zone of 5670 level and made a intraday high of 5830 level. On hourly chart prices is trading above 20 and 60 days EMA , as well as near yearly high which is a positive sign for prices. Any dips around 5760 maybe used as an buying opportunity in Crude oil for the target of 5790 level on intraday basis
BUY CRUDE OIL AROUND 5760 SL BELOW 5730 TGT 5790/5820
NATURAL GAS
Natural gas prices edged higher in last trading session after prices respected the support zone of 425 where 60 days EMA lies and it rallied higher up till 450 level on itraday basis. We expect prices to remain volatile for few days as long as it is trading above 400 level on daily closing basis. Any dips around 426 may be used as an buying opportunity for the target of 429 on intraday basis.
BUY NATURAL GAS AROUND 426 SL BELOW 423 TGT 429/432
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