Buy Natural Gas Above 240 Sl Below 237 TGT 244/246 - Axis Securities Ltd
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NATURAL GAS
MCX Natural gas price has seen pullback after forming supports near 500 retracement, price is expected to trade positively. Any breakout above 240 would push the price higher towards 244/246 levels in intraday. the price has started trading above 9,21&60 hourly EMA which is bullish sing for the price
BUY NATURAL GAS ABOVE 240 SL BELOW 237 TGT 244/246
SILVER
MCX Silver price has given a negative neckline breakout from head & shoulder pattern, price is expected to trade negatively. Sustaining below 69500 would drag down the price lower towards 69000/68700 levels intraday. The momentum indicator RSI is trading at 17 and it is forming lower lows which is a bearish sign for the prices.
SELL SILVER BELOW 69500 SL ABOVE 69900 TGT 690000/68700
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