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Sell Aluminium Around 174.5 SL ABOVE 175.5 TGT 173.5/172.5 - Axis Securities
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ALUMINIUM
Aluminim prices traded sideways in last trading session. On daily chart prices has formed doji candlestick pattern near the resistance zone indicating possible reversal from the higher level. Moreover on hourly chart RSI is trading below 60 level which indicate low momentum in prices at the higher level. Trades can sell Aluminium around 174.5 for the target of 173.5 on intraday basis.
SELL ALUMINIUM AROUND 174.5 SL ABOVE 175.5 TGT 173.5/172.5
NATURAL GAS
Natural Gas prices rallied higher in last trading session after prices on hourly chart edged abaove 9 and 20 days EMA and rallied higher up till 185 level on intraday basis. On hourly chart prices has formed a bullish harami indicating possible reversal of the current downtrend. Traders can buy Natural gas around 183 for the target of 187 level on intraday basis.
BUY NATURAL GAS AROUND 183 SL BELOW 179 TGT 187/191
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