A guest on CNBC AWAAZ suggests following :
NATURAL GAS
Ng has been very volatile these days but has come under pressure .But overall now to sell at current levels would be risky , however on dips one can
BUY NG around 270 levels for target of 286 in the coming sessions.
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CRUDE OIL
There are no supply concerns. Also the prices are not able to sustain above 103 $. So we can see some more pressure in the coming days. One can sell on rise and we can see the prices drifting down to 98 $ in the coming days.Sell on bounce is suggested.
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GOLD & SILVER
Now there was a rumour in the market few days back that gold is gaining its position of safe heaven, due to various economic concerns.Economic concerns were in the news due to Bad data from US. But one has to understand that the bad numbers were due to bad weather conditions because of which many things were closed or had slower down. But now the weather is improving , so we can see the data also improving which in turn will strengthen the economy. So we might witness some pressure on the bullions in the coming days. Unless and until any worst news hits the economy, we can see. pressure in the coming days
NATURAL GAS
Ng has been very volatile these days but has come under pressure .But overall now to sell at current levels would be risky , however on dips one can
BUY NG around 270 levels for target of 286 in the coming sessions.
-------------------------------------------------------------------------------------------------------
CRUDE OIL
There are no supply concerns. Also the prices are not able to sustain above 103 $. So we can see some more pressure in the coming days. One can sell on rise and we can see the prices drifting down to 98 $ in the coming days.Sell on bounce is suggested.
--------------------------------------------------------------------------------------------------------
GOLD & SILVER
Now there was a rumour in the market few days back that gold is gaining its position of safe heaven, due to various economic concerns.Economic concerns were in the news due to Bad data from US. But one has to understand that the bad numbers were due to bad weather conditions because of which many things were closed or had slower down. But now the weather is improving , so we can see the data also improving which in turn will strengthen the economy. So we might witness some pressure on the bullions in the coming days. Unless and until any worst news hits the economy, we can see. pressure in the coming days
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