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NICKEL

Nickel prices closed higher in last trading session after prices broke the strong resistance zone of 1350 and closed around 1355 level. However on hourly chart prices has formed shooting star candle stick pattern which is a reversal pattern. Traders can sell Nickel around 1354 for the target of 1351 on intraday basis.

SELL NICKEL AROUND 1354 SL ABOVE 1357 TGT 1351//1347

CRUDE OIL

Crude oil prices has formed shooting star candlestick pattern on daily chart which is a reversal pattern. Prices faced resistance around 5250 level as it failed to sustain near the mentioned level and closed around 5190 level. Traders can sell Crude oil around 5250 for the target of 5220 level on intrday basis.

SELL CRUDE OIL AROUND 5250 SL ABOVE 5280 TGT 5220/5190

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