Sell Natural Gas Below 235 Above 239 TGT 230/228 - Axis Securities Ltd
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NICKEL
MCX Nickel price has given a negative breakout, price is expected to trade negatively. Sustaining below 1285 would drag down the price lower towards 1273/1268 levels in intraday. The momentum indicator RSI is trading at 31 and it is forming lower lows which is a bearish sign for the prices.
SELL NICKEL BELOW 1285 SL ABOVE 1293 TGT 1273/1268
NATURAL GAS
MCX Natural gas price has given negative breakout from ascending broadening wedge pattern, price is expected to trade negatively. Sustaining below 235 would drag down the price lower towards 230/228 levels in intraday. As the price has started trading below 9,21&60 hourly EMA which is a negative sign for the prices.
SELL NATURAL GAS BELOW 235 ABOVE 239 TGT 230/228
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