Buy Nickel Around 1282 Sl Below 1279 TGT 1285/1289 - Axis Securities Ltd
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NICKEL
Nickel prices gave a gap down opening in last session and it closed around 1282 level. On hourly chart prices has closed above lower bollinger band and has formed outside inside pattern on hourly chart. Traders can buy Nickel around 1282 level for the target of 1285 level on intraday basis.
BUY NICKEL AROUND 1282 SL BELOW 1279 TGT 1285/1289
CRUDE OIL
Crude oil prices was down by more than 4 percent in last session as oil pipeline was reopened which was down due to cyberattack. Overall trend is looking weak for prices as it has given a close below the strong support zone of 4700 level and technically it is trading below 40 level on RSI which indicate that momentum in weak. Any rallied towards 4720 level can be used as an selling opportunity for the target of 4690 level on intraday basis.
SELL CRUDE OIL AROUND 4720 SL ABOVE 4750 TGT 4690/4660
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