Sell Natural Gas In The Range Of 356.50-357.50 SL Above 376 TGT 331/325 - Axis Securities
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Natural Gas
MCX Natural gas price is trading near the support of descending triangle pattern, price is expected to trade negatively. Sustaining below 356.50 would drag the price lower towards 331/325 levels in coming sessions. The price has started trading below 9,21&60 hourly EMA which is a bearishness in the prices.
SELL NATURAL GAS IN THE RANGE OF 356.50-357.50 SL ABOVE 376 TGT 331/325
Crude Oil
MCX Crude oil price has given a bullish breakout from consolidation range, price s expected to trade positively. Sustaining above 6960 would push the price higher towards 7030/7060 levels intraday. The hourly momentum indicator RSI is trading at 74 and it is forming higher highs which is a bullishness in the prices.
BUY CRUDE OIL ABOVE 6960 SL BELOW 6910 TGT 7030/7060
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