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Crude Oil

MCX Crude oil price is trading inside the falling trendline channel, price is expected to trade negatively. Sustaining below 8227 would drag the price lower towards 8090/8000 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a negative sign for the prices.

SELL CRUDE OIL IN THE RANGE OF 8227-8237 SL ABOVE 8350 TGT 8090/8000

Natural Gas

MCX Natural gas price is showing a U turn recovery, price is expected to trade positively. Any breakout above 364 would push the price higher towards The 9,21&60 price hourly 380/385 has started EMA levels which trading in coming is above a bullishness in the prices.

BUY NATURAL GAS ABOVE 364 SL BELOW 354 TGT 380/385

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