Sell Aluminium Aaround 209.5 SL Above 210.5 TGT 208.5/207.5 - Axis Securities Ltd
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Aluminium
Aluminium prices drifted lower in last session after prices failed to sustian around the new 52 week high of 210.5 level. On hourly chart it closed below 20 and 60 days EMA and RSI also closed below 40 level indicating low momemtum in prices. Traders can sell Aluminium around 209.5 for the target orf 208.5 on intraday basis.
SELL ALUMINIUM AROUND 209.5 SL ABOVE 210.5 TGT 208.5/207.5
NATURAL GAS
Natural gas prices drifted lower in last trading session after prices failed to support around 293 and drifted lower towards 284 level. However strong support zone is seen around 283 level. On hourly chart prices is trading below 20 and 60 days EMA and RSI is also around 40 level which is a negative sign for prices. Breakdown below 283 level may push prices lower towards 280 on intraday basis.
SELL NATURAL GAS BELOW 283 SL ABOVE 286 TGT 280/277
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