Natural Gas Oct Mcx Utilize the bounce for fresh shorts at 176 levels – Way2Wealth

Natural Gas

MCX Oct Natural Gas futures shed almost 2.25% in the past session by forming a “bearish engulfing” candlestick pattern on daily charts. This signifies for further weakness in the counter towards 170 & 167 levels. Hence, any bounce can be utilized to create shorts at 175 levels.

Sell Natural Gas 175  Target 170/167 Stoploss 178

 
Aluminum

MCX Sep Aluminum was reversed the down trend by forming a “hanging man” candlestick pattern on daily charts. This renders some short covering in coming sessions towards 38.2% and 50% Fibonacci level of 104.40 & 105.40 levels

Sell  Aluminum At CMP 175 Target 170/167 Stoploss 178

 

Turmeric

NCDEX Oct Turmeric futures have been consolidating in a narrow range from last couple sessions. Currently prices are hovering near consolidation resistance at 7570 levels. On a convincing break above the same will intact further uptrend towards 7670 & 7800 levels.

Buy Turmeric Above 7570 Target 7670/7800 Stoploss7430

 

For More Information ClickHere

Leave a Reply