Sell Aluminum Around 176.5 SL ABOVE 177.5 TGT 175.5/174.5 - Axis Securities
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NATURAL GAS
Natural gas prices edged lower in last trading session and closed around 183 level on intraday basis. On hourly chart prices is trading below 9 and 20 days EMA which is a negative sign for prices. However on hourly chart Immediate support zone can be seen around 181 level as prices is able to respect the mentioned support zone from last few days. Traders can buy Natural gas around 181 level for the target of 184 level on intraday basis
BUY NATURAL GAS AROUND 181 SL BELOW 178 TGT 184/187
ALUMINUM
Aluminium price drifted lower in last trading session after prices broke the strong support zone of 176.5 and closedd around 174.7 level on intraday basis. Overall trend is looking negative for prices as RSI is below 40 and it is trading below 20 days EMA. Any rally towards 176.5 can be used as an selling opportunity for the target of 175.5 level on intraaday basis.
SELL ALUMINUM AROUND 176.5 SL ABOVE 177.5 TGT 175.5/174.5
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