Sell Natural Gas Around 395 SL Above 398 TGT 392/389 - Axis Securities Ltd
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NATURAL GAS
Natural gas prices edged lower in last trading session after it broke the support zone of 400 and closed around 390 level. Short term trend has turned negative for prices as it has edged below 9 and 20 days EMA and RSI is also below 60 level indicating low momemtum in prices. Traders can sell Natural gas around 395 for the targert of 392 on intraday basis
SELL NATURAL GAS AROUND 395 SL ABOVE 398 TGT 392/389
GOLD
Gold prices edged lowr in last trading session after prices broke the support zone of 46600 and drifted lower towards 45800 on intraday basis. On hourly chart it closed around 46080 level. Overall trend is looking weak for prices as it is trading below 9 and 20 days EMA and RSI is also below 60 level indicating low momemtum in prices. Trades may sell Gold around 46300 for the target of 46200 on intraday basis
SELL GOLD AROUND 46300 SL ABOVE 46400 TGT 46200/46100
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