Sell Natural Gas Around 299 SL Above 302 TGT 296/293 - Axis Securities
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NATURAL GAS
Natural gas prices closed on a flat note in last trading sesssion after prices failed to sustain near the day's high of 301 level. Short term trend is looking negative for prices as it is trading below 60 days EMA. Sell on rise in recommended in Natural gas around 299 level for the target of 296 on intraday basis.
SELL NATURAL GAS AROUND 299 SL ABOVE 302 TGT 296/293
CRUDE OIL
Crude oil prices cracked by more than 4 percent in last trading session on account of Fear in China due to Coroanvirus. On hourly chart prices is trading below 20 and 60 days EMA and RSI is also below 60 level indicating low momemtum in prices. Traders can sell Crude oil around 5400 on rallies for the target of 5370 on intraday basis.
SELL CRUDE OIL AROUND 5400 SL ABOVE 5430 TGT 5370/5340
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