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CRUDE OIL

MCX Crude oil price is trading inside the symmetrical expanding triangle pattern, price remains to trade positively. Any breakout above 5520 would push the price higher towards 5600/5630 levels intraday. The price has been hitting higher highs inside the pattern which is positive sign for the prices.

BUY CRUDE OIL ABOVE 5520 SL BELOW 5470 TGT 5470 TGT 5600/5630

NICKEL

MCX Nickel price is trading near the support level of the consolidation range, price is expected to trade negatively. Any breakdown below 1365 would drag down the price lower towards 1352/1345 levels intraday. The momentum indicator RSI is trading at 51 and it is forming lower lows which is a bearish sign for the prices

SELL NICKEL BELOW 1365 SL ABOVE 1375 TGT 1352/1345

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