Sell Natural Gas Around 440 SL Above 445 TGT 435/430 - Axis Securities Ltd
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NATURAL GAS
Natural gas prices gave a gap up opening in last trding session. On hourly chart prices corrercted from days high due to profit booking. Morevoer prices closed below 20 days EMA which is a negative sign for prices. Traders can sell Natural gas on rise around 440 for the targe of 435 on intraday basis.
SELL NATURAL GAS AROUND 440 SL ABOVE 445 TGT 435/430
CRUDE OIL
Crude oil prices edged lower in last session after prices rallied strongly from past few days. On hourly chart prices edged below 9 and 20 days EMA which is a negative sign for prices as well as RSI is below 60 indicating low momemtum in prices. Traders can sell Crude oil around 5580 for the target of 5550 on intraday basis.
SELL CRUDE OIL AROUND 5580 SL ABOVE 5610 TGT 5550/5520
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