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Published on 18/11/2020 10:10:13 AM | Source: Axis Securities Ltd

Sell Nickel Around 1200 SL ABOVE 1203 TGT 1197/1192 - Axis Securities

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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Nickel

Nickel prices closed on a positive note in last trading session. On hourly chart prices broke the resistance zone of 1190 and level and closed around 1196. However on hourly chart strong resistance can be seen around 1200 level. Traders can sell Nickel around 1200 level for the target of 1197 level on intraday basis.

SELL NICKEL AROUND 1200 SL ABOVE 1203 TGT 1197/1192

 

Natural gas

Natural gas prices cracked in last trading session after it broke the strong support zone of 205 and drifed lower towards 197 level. However,on Daily chart prices has formed Doji candle stick pattern indicating possible reversal of the current downtrend. Trades can buy Natural gas around 200 level for the target of 203/207 on intraday basis.

BUY NATURAL GAS AROUND 200 SL BELOW 197 TGT 203/207

 

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