Sell Natural Gas Around 307 SL Above 310 TGT 304/301 - Axis Securities
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NATURAL GAS
Natural gas prices traded volatile in last trading session and it closed on a flat note near 304 level on intraday basis. On hourly chart prices failed to close above the upper bollinger band indicating low volatility in prices. Moreover on hourly chart RSI is below 60 level which indicate that low momemtum in prices. Traders may sell Natural gas on rise around 307 level for the target of 304 on intraday basis.
SELL NATURAL GAS AROUND 307 SL ABOVE 310 TGT 304/301
CRUDE OIL
Crude oil prices edged higher in last trading sesssion after prices broke the level of 5050 and touched 5110 level on intraday basis. On hourly chart RSI is above 60 level indicating high momemtum in prices. Important level is seen around 5150 level. Breakout above the mentioned level may push prices higher towards 5180 level on intraday basis.
BUY CRUDE OIL ABOVE 5150 SL BELOW 5120 TGT 5180/5210
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