Sell Nickel Around 1390 SL Above 1394 TGT 1385/1382 - Axis Securities
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Natural gas
Natural gas prices edged lower in last trading session after prices failed to sustain near the day's high of 277 and edged lower towards 267 level. Short term trend is looking negative for prices as it is trading below 20 and 60 days EMA and RSI is also below 60 level indicatig low mometum in prices. Traders can sell Natural gas on rise around 272 level for the target of 269 level on intraday basis.
SELL NATURAL GAS AROUND 272 SL ABOVE 275 TGT 269/265
Nickel
Nickel prices was UP by almost 2 percent in last trading session after prices respected the support zone of 1350 and rallied from that level. . On hourly chart prices is facing resistance near 1390 level which indicate a strong supply zone for prices. Traders can sell around the mentioned level for the target of 1385 on intraday basis.
SELL NICKEL AROUND 1390 SL ABOVE 1394 TGT 1385/1382
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