MCX Naturalgas opened on a flat note and remained in a small range throughout the day - Axis Securities Ltd
Crudeoil
MCX Crudeoil opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Crudeoil crosses and P e608 sustains above 6800 level it would reese witness buying which would push the ease price towards 6900-6970 levels. eaco Important support for the day is around 6650.
BUY CRUDEOIL ABOVE 6800 SL BELOW 6740 TGT 6900/6970
Natural Gas
MCX Naturalgas opened on a flat note and remained in a small range throughout the day. The chart pattern os suggests that if Naturalgas breaks and sustains below 209 level it would witness selling which would drag the Hats price towards 200-195 levels. sae Important resistance for the day is 215 placed at 215.
SELL NATURALGAS BELOW 209 SL ABOVE 214 TGT 200/195
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