Sell MCX Gold Oct In The Range OF 46200 TO 46500 For The Target OF 45000/44500 With Stop Loss Above 47300 - Ventura Securities
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GOLD:-
After hovering near the 100 EMA level for multiple trading sessions, MCX GOLD prices have finally broken below the key support levels on daily chart. We may expect prices heading towards 45000 level in coming sessions.
SELL MCX GOLD OCT IN THE RANGE OF 46200 TO 46500 FOR THE TARGET OF 45000/44500 WITH STOP LOSS ABOVE 47300.
CRUDEOIL:-
MCX CRUDEOIL prices are now trading well above the 20 MA level on weekly chart. The RSI indicator is also showing strength in the momentum on the upside. We may expect prices heading towards 5500 level in coming sessions.
BUY MCX CRUDEOIL OCT IN THE RANHE OF 5300 TO 5350 FOR THE TARGET OF 5500/5600 WITH STOP LOSS BELOW 5150.
NATURAL GAS:-
MCX NATURAL GAS prices are trading above all the key averages on weekly and daily charts. The RSI indicator on daily and weekly charts is also showing the strength in momentum on the upside. Also prices have crossed the multi-year highs which is a sign of extreme bullishness in the counter. Any dip can be utilized as an opportunity to enter on the long side of the trade.
BUY MCX NATURAL GAS SEP IN THE RANGE OF 390 TO 400 FOR THE TARGET OF 450/470 WITH STOP LOSS BELOW 370.
COCUDAKL:-
Technically, NCDEX COCUDAKL prices are trading weak on daily chart as they are trading below the key averages. We expect prices to trade further lower in coming sessions.
SELL NCDEX COCUDAKL OCT IN THE RANGE OF 2440 TO 2450 FOR THE TARGET OF 2200 WITH STOP LOSS ABOVE 2600.
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