Buy Natural Gas in the range of 475-474 SL Below 468 TGT 485/490 - Axis Securities
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Natural Gas
MCX Natural gas price has given a bullish breakout from symmetrical triangle pattern, price is expected to trade positively. Any fall should be amo used for buying opportunities. ae) Sustaining above 475 would push the price higher towards 485/490 levels intraday The price has been trading above 9,21&60 hourly EMA which is a 388 bullish sign for the prices.
BUY NATURAL GAS IN THE RANGE OF 475-474 SL BELOW 468 TGT 485/490
Zinc
MCX Zinc price is trading near the support of rising trend line channel,Price is expected to trade negatively. Any break down below 256 would drag the price lower towards 254/253 levels in intraday. The momentum indicator RSI is trading at 50 it is forming lower lows which is a bearish sign for the prices.
SELL ZINC BELOW 256 SL ABOVE 257.50 TGT 254/253
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